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Bank of America Overtakes HSBC in Card Market

No. 3 bank to buy MBNA, creating the nation’s largest credit card issuer; 6,000 jobs to be cut. “BofA leaves HSBC lagging behind, while making HSBC’s buyout of Household International a poorer business decision than originally thought” said advocacy group Household - HSBC Watch.

NEW YORK (CNN/Money) - Bank of America, betting that financial “supermarkets” […]