BMO Financial Buys Diners Club From Citigroup
The Bank of Montreal unit BMO Financial Group has signed a definitive agreement to acquire the Diners Club brand in the U.S. and Canada. The deal is expected to close in the first quarter of 2010.
"This acquisition will immediately enhance our competitive position by placing us among the top commercial card issuers in North America," said Frank Techar, president and CEO of personal and commercial banking...
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