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Article Date: March 2017
Word Count: 139

Report: Cabela’s Credit Card Business has a Buyer

Synovus Financial Corp will buy Cabela’s credit card business, Reuters reported, citing a source familiar with the matter. According to the story, Synovus will strip out the deposits held by the unit and resell the credit-card portfolio to Capital One. Capital One had tried to buy Cabela’s financial segment directly last year as part of the proposed Bass Pro acquisition, but the Office of the Comptroller of the Currency ... Log in to view full article.


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