CIBC Buys Citigroup’s Canadian Credit Card Business for $2.1B
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CIBC Buys Citigroup’s Canadian Credit Card Business for $2.1B

Things are heating up in the credit cards industry as CIBC announced that they’ve bought Citigroup’s Canadian credit card business for $2.1B. This deal will make CIBC the largest dual credit card provider (Visa and Mastercard) in the country and increases their outstanding credit card balance to over $14B. It includes Citi’s co-branded cards such … Continue reading »