Wachovia Corp.'s high-profile, highly profitable credit card unit has moved into a new part of the company.

Consumer credit services, which includes the fast-growing, $4 billion credit card business, was folded into the recently formed general banking division led by G. Joseph Prendergast. The restructuring was announced last week.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.