RBS purchases card portfolio

Published February 3, 2004 12:00 AM EST Updated March 13, 2009 2:08 PM EDT 1 Min Read

This morning, Royal Bank of Scotland acquired Peoples credit card portfolio worth roughly $2 billion, according a panelist at a credit card session at Information Management Networks ABS West.

The development coincides with forecasts that this year larger players will acquire smaller portfolios.

“Now RBS has a toe-hold in the industry,” the panelist said.

For reprint and licensing requests for this article, click here.

Uncategorized

Robinhood Credit’s card portfolio to support $500 million in ABS

The predominant portion of receivables in the trust portfolio is composed of receivables from the Robinhood Gold Card program, which the company launched in March 2024.

By Donna Mitchell

Editor

Financial Planning

October 7

Earnings

JPMorganChase’s profit dips as it preps for Apple card portfolio

The largest bank in the country bulked up its reserves by $2.2 billion for potential credit hits from the Apple card portfolio, which JPMorgan is taking over from Goldman Sachs.

By Catherine Leffert

Reporter

American Banker

January 13

Credit cards

Credit card portfolios see higher charge-offs, delinquencies

Those metrics were merely a return to solid pre-pandemic levels and do not suggest a deterioration, says Moody's. Yet a broader, and more weakened employment picture is emerging, SMBC Nikko Securities says separately.

By Donna Mitchell

Editor

Financial Planning

September 24

Commercial banking

KeyCorp says $2.8B deal with Scotiabank will help it be ‘front-footed’

KeyCorp wasn't seeking capital but saw the benefits of Scotiabank's minority stake. The deal would enable the Canadian lender to step into the U.S. consumer market.

By Polo Rocha

Staff Writer

American Banker

August 12