WILMINGTON, Del. - (11/02/04) -- Credit card giant MBNA Corp., whichhas been buying up credit union card portfolios, said Monday it hasagreed to acquire the $550 million card portfolio and 390,000accounts of AmSouth Bancorp, in one of the biggest cards dealsever. As part of the deal, AmSouth has entered into an agent bankagreement. AmSouth said it expects to report a pre-tax net gain of$10 million on the sale.
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
