© 2025 Arizent. All rights reserved.
p16kql2rg01pgu1jun83i1rfe1a263.jpg

I'm a Toys R Us Card!

General Electric Co. on Tuesday said it had agreed to buy $900 million worth of Toys R Us credit card assets from JPMorgan Chase & Co., which has been shedding lower-end assets. (Image: Bloomberg News)
p16kqlhhr31qcrr120urrdaq24.jpg

'Expect More' Deals … Sometime

Target Corp., which has tried for years to sell its credit card assets, said in January that it has temporarily "suspended" those efforts. (Image: Bloomberg News)

p16kqlkjlmtib1i38k2g4g6n025.jpg

Driving Ahead

Citigroup Inc., which tried to sell its retailer-card business before recommitting to it last fall, in December signed a new consumer financing deal with Ford Motor Co. (Image: Bloomberg News)

p16kqlmfbl1knjke5ccmona11lq6.jpg

Ready to Buy

Capital One last year agreed to buy HSBC's $30 billion U.S. credit card portfolio, which included cards issued on behalf of Best Buy and Saks Fifth Avenue, but is still awaiting regulatory approval. (Image: Bloomberg News)

p16kqn8alm19rdesr1d6u16f8196a1.jpg

Jumping In

Capital One is a relatively new, but aggressive, entrant into the specialized business of issuing credit cards for retailers. Last year the McLean, Va., bank bought Kohl's Corp.'s $3.7 billion credit card portfolio from JPMorgan Chase. (Image: Bloomberg News)

p16kqnd22h711qt4bsl1ngpq0k6.jpg

A Bank's Best Friend?

Toronto-Dominion's U.S. bank has quietly carved out a wider wedge of the private-label credit card market, signing up merchants including luxury jewelry Cartier. (Image: ThinkStock)

p16kqnd527mtppr31jev5j91a659.jpg

Back Again

General Electric Co. has long been a major issuer of credit cards for retailers including JCPenney and Lowe's. GE tried to sell that business in 2007 but failed to find a buyer and ultimately recommitted to the unit. (Image: Bloomberg News)
Consumer banking
MORE FROM AMERICAN BANKER