TD acquiring Target’s $6 billion credit card business

By Katie Eder

TD Bank Group, which has U.S. headquarters in Cherry Hill, today said it will acquire Target Corp.’s entire credit card business for the portfolio’s gross value — currently $5.9 billion — as well as exclusively underwrite and issue the retail giant’s credit cards to U.S. consumers for seven years.

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Categories: Banking

Author:NJ Tech Council

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