TITLE

Boscov's Selling Portfolio to HSBC

PUB. DATE
April 2006
SOURCE
American Banker;4/19/2006, Vol. 171 Issue 74, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on HSBC North America, which will buy the private-label credit card business of Boscov's Department Stores LLC of Reading, Pennsylvania. Though the company didn't say how large the purchase was, it will purchase Bascov's receivables and manage its card operations. Senior vice president of Bascov, Dean Sheaffer, said that the move was crucial to taking Boscov's program to the next level.
ACCESSION #
20528087

 

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