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Merger to Create Credit-Card Giant

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Merger to Create Credit-Card Giant

Business

Merger to Create Credit-Card Giant

Merger to Create Credit-Card Giant

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  • <iframe src="https://www.npr.org/player/embed/4724426/4724427" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Bank of America has announced plans to merge with MBNA Corporation. The deal is estimated at more than $30 billion, and would create one of the nation's largest issuers of credit cards. But 6,000 jobs are on the chopping block.