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Lloyds banks on credit card growth with $2.4 billion MBNA buy

LONDON (Reuters) - Lloyds Banking Group is buying the MBNA UK credit card business from Bank of America for 1.9 billion pounds ($2.4 billion) in an effort to increase profit and reduce its reliance on mortgage lending.

Lloyds banks on credit card growth with $2.4 billion MBNA buy
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