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Bank of America
- On June 30, 2005, MBNA announced that it was being acquired by Bank of America for stock and cash totaling more than $35 billion, and the deal was closed on January 1, 2006. The acquisition resulted in MBNA being renamed to "Bank of America Card Services" while still based in Delaware.
en.wikipedia.org/wiki/MBNA
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Dec 20, 2016 · Lloyds has bought credit card provider MBNA for £1.9bn. The deal had been rumoured for several weeks and is the first time the bank has bought another major business since the financial crisis.
- Olivia Rudgard
Lloyds Banking Group (‘the Group’) today announces that it has completed the acquisition of MBNA Ltd (MBNA), a UK consumer credit card business, from FIA Jersey Holdings Limited, a wholly owned subsidiary of Bank of America, following receipt of regulatory and competition approval.
The acquisition of MBNA, which is currently owned by Bank of America, is set to increase Lloyds Banking Group’s annual revenue by around £650 million and is expected to be completed by the end of Q2 next year.
Jun 1, 2017 · Lloyds Bank has completed a £1.9bn takeover of the MBNA credit card business, in its first major acquisition since the financial crisis.
Dec 20, 2016 · Lloyds Banking Group is seeking to beef up its consumer finance offering, agreeing to a deal to buy credit card company MBNA from a subsidiary of Bank of America in its first acquisition...
Dec 20, 2016 · Lloyds is to buy credit card firm MBNA from Bank of America for £1.9bn, in the UK bank's first acquisition since the 2008 financial crisis.
Jun 1, 2017 · Lloyds Banking Group has completed its £1.9bn acquisition of Bank of America's UK credit card business, MBNA. The Competition and Markets Authority cleared the way for the transaction in early May after deciding not to refer the deal to a Phase 2 investigation based on the information “currently available to it”.
