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-Capital One completes sale of Best Buy portfolio.

Global Banking News-September 11, 2013--Capital One completes sale of Best Buy portfolio(C)2013 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 11 September 2013

Capital One Financial Corp has announced that it had finalized the sale of its Best Buy portfolio.

The firm said that it had completed the sale of a credit card product it absorbed after it bought a Delaware-based unit of HSBC (LSE: HSBA).

The USD6bn portfolio of outstanding credit debt through a partnership with electronics retailer Best Buy will now be held by Citigroup, Inc (NYSE: C).

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Publication:Global Banking News (GBN)
Date:Sep 11, 2013
Words:114
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