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...At that time, the group, which consisted of Providian’s UK business, had $550m of receivables....
...HSBC has hired Deloitte to conduct an independent examination of transactions related to a money-laundering probe by US regulators, the Financial Times has learnt....
...At the time, the group, which consisted of Providian’s UK business, had $550m worth of receivables....
...Washington Mutual, said on Monday it had agreed to buy Providian Financial, a credit card issuer, for $6.45bn in stock and cash, a move analysts said could help the largest US savings and loan boost profits...
...Financial....
...Last month, Providian Financial, the San-Francisco based credit card issuer, agreed to be sold to Washington Mutual, a savings bank, for $6.5bn....
...That amount is about 15 per cent of managed receivables, the same ratio of rival Providian, which has a similar customer credit profile....
...This month, Washington Mutual, a Seattle-based savings bank, announced it would buy Providian Financial for $6.45bn in cash and stock, marking its first foray into the credit card business....
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