Apollo Nabs Irish Credit Card Biz As BofA Trims Fat
Financial terms of the transaction were not disclosed. Apollo will also pick up the 250 employees in the business, which has about 200,000 accounts and about €650 million ($860 million) in receivables.
Together the two sales give Apollo more than $1.7 billion in European credit card loans. They also show a shrinking Bank of America that...
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