TD agrees to buy Nordstrom’s $2.2B U.S. card balances

TORONTO - Toronto-Dominion Bank, Canada’s second- largest lender by assets, agreed to buy Nordstrom Inc.’s Visa Inc. and private-label credit-card portfolio in the U.S. as it expands purchases in North American consumer credit. Nordstrom’s holdings include $2.2 billion in receivables, the companies said Tuesday in a statement that didn’t disclose terms. Toronto-Dominion also signed an…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -

No posts to display