MBNA to be bought by Lloyds – but no immediate change for customers

Helen Knapman

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Credit card provider MBNA is to be sold by Bank of America to Lloyds Banking Group, in a move costing £1.9 billion.

Credit card provider MBNA is to be sold by Bank of America to Lloyds Banking Group, in a move costing £1.9 billion.

The transaction is expected to complete by the end of the first half of 2017, although it is subject to competition and regulatory approval. 

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Source Moneywise http://ift.tt/2hPaelg