TD Bank Acquires Target’s Consumer Credit Card Portfolio

By  |  October 23, 2012
 | 

Target has announced a deal to sell their entire consumer credit card portfolio, estimated at a gross value of $5.9 billion, to TD Bank Group. 

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    The two companies have also agreed to a seven-year pact in which TD will underwrite, fund and own future Target credit and Visa receivables in the U.S, reports Finextra.

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