Bank of America buys MBNA
For all of you who have an MBNA credit card you will now be becoming a Bank of America customer. B of A announced that they were purchasing MBNA for $35 Billion. Bank of America beat out Wachovia in a bid for the 3rd largest credit card company in the U.S. This aquisition puts Bank of America firmly in the top 3 issuers of credit cards in the United States and further consolidates the credit card industry.
|