Moving to restructure its troubled credit card business, Bank of New York Co. is set to unload another sizable piece of its card portfolio.

Bank of New York said Wednesday it will sell $800 million in credit card receivables to Associates First Capital Corp., Dallas, a unit of Ford Motor Co. While terms of the deal were not disclosed, industry sources said Bank of New York will receive only $840 million for the loans, representing a purchase premium of 5%.

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