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Consumers hit as credit card rates soar
Despite the fact that interest rates have been on hold at the historically low rate of 0.5% since March 2009, the average credit card interest rate rose from 15.89% to 16.28% in December, according to...
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Capital One to buy ING in $9bn deal
Capital One, renowned for its credit cards, is to purchase the US internet banking division of ING – the Dutch banking and insurance company. The deal will see Capital One pay $9 billion (£5.5...
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HSBC offloads US credit card division in $32.7bn deal
Banking giant HSBC has today announced it has disposed of its US credit card division to Capital One Financial, as part of a global strategic cost-cutting exercise. The announcement comes shortly...
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Card launched for consumers with lower credit scores
Capital One has launched a credit card suitable for customers whose credit score has been adversely affected by previous CCJs or defaults. The ‘Balance’ credit card offers 0% on balance transfers...
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