JPMorgan May Sell AARP Credit Card Portfolio, Sources Say -Bloomberg
28 August 2019 - 9:29AM
Dow Jones News
--JPMorgan Chase & Co. (JPM) might sell its $1 billion AARP
credit-card portfolio, Bloomberg reports Tuesday, citing "people
with knowledge of the matter."
--Alliance Data Systems Corp. (ADS) is said to be one of the
parties interested in purchasing the asset, the report said.
--JP Morgan, Alliance Data and AARP all declined comment, the
report said.
Full story:
https://www.bloomberg.com/news/articles/2019-08-27/jpmorgan-weighs-sale-of-1-billion-aarp-credit-card-portfolio
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
August 27, 2019 19:14 ET (23:14 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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