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

October 15, 2015 5:12 PM

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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: Consolidated Communications to buy FairPoint in $1.5 billion deal

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