CORRECTED-Scotiabank to buy credit card portfolio from JPMorgan in Canada

October 15, 2015 5:12 PM

44 0

Oct 15 (Reuters) - Bank of Nova Scotia said it will buy a MasterCard Inc and private label credit card portfolio and related operations from JPMorgan & Chase Co .

The portfolio, which is associated with Sears Canada Inc , includes about C$1.7 billion ($1.32 billion) in receivables and 2 million active customer accounts.

Also read: Dalian Wanda to sell hotels to R&F, up price of tourism projects for Sunac

Read more

To category page