The price is the highest ever paid for a credit card business.
Some banks fight for credit card business by offering low interest rates.
The Bank launched its credit card business in late 2001.
"Up to now, the really large banks, which control 75 percent of the credit card business, just have not been competitive."
Its credit card business was particularly strong, with earnings rising 34 percent.
In the 1960s the bank entered into the credit card business.
The company reported strong results from its credit card business, where profits rose 30 percent.
The bank has said it is committed to the credit card business.
That amount does not include the credit card business, executives said last night.
First, the company said it was looking to sell its credit card business.
The price is the highest ever paid for a credit card business.
Some banks fight for credit card business by offering low interest rates.
The Bank launched its credit card business in late 2001.
"Up to now, the really large banks, which control 75 percent of the credit card business, just have not been competitive."
Its credit card business was particularly strong, with earnings rising 34 percent.
In the 1960s the bank entered into the credit card business.
The company reported strong results from its credit card business, where profits rose 30 percent.
The bank has said it is committed to the credit card business.
That amount does not include the credit card business, executives said last night.
First, the company said it was looking to sell its credit card business.
