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When Bank of America bought MBNA, it was in effect reuniting MNC Financial's credit card portfolio to its original banking assets and combining the Bank of America credit card portfolio with MBNA's. Employing more than 25,800 people around the world at the time of the merger with Bank of America, MBNA owned or managed more than $122.5 billion ...
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In 1998, PNC sold its credit card business to Metris (now HSBC Finance) [18] and MBNA. [19] In 2000, the company adopted a new brand image and changed its name to PNC Financial Services Group. [20] In 2001, PNC sold the original PNC Mortgage to Washington Mutual due to volatility in the market. [21]
Charles Michael Cawley (August 15, 1940 – November 18, 2015) was a businessman and founding member of the bank MBNA. [1] [2] Born in Massachusetts, he was raised in New Jersey, was educated at Saint Benedict's Preparatory School and was a graduate of Georgetown University. He created MBNA in 1982, and it was acquired by Bank of America in 2006.
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