Thursday, June 30, 2005

Bank of America to buy MBNA

Bank of America Corp., the second- largest U.S. bank by assets, agreed to buy MBNA Corp. for about $35 billion in stock and cash to challenge Citigroup Inc. and JPMorgan Chase & Co. in credit cards.

Does BofA get Joe Biden with their financial Happy Meal? Or do they have to pay extra?

2 Comments:

Anonymous CreditWatcher said...

They actually did, and there is still a great mess with credit cards and other accounts issued by the banks merged.

2:03 AM  
Blogger Tom Mayer said...

They did, really. But I never deal with this bank according to my foundations. I prefer American Express because of their excellent customer service. To my mind, it is the most important thing in banking business!

12:58 AM  

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