Washington Mutual Completes Providian Acquisition
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Washington
Mutual Completes Providian Acquisition
Washington
Mutual Inc. has completed its $6.1 billion acquisition of credit
card issuer Providian Financial Corp.
While
Providian credit card customers will continue to use their existing
accounts, Washington Mutual plans to introduce its own branded
credit card within the next year.
Providian’s
Chief Executive Officer Joseph Saunders will stay on with Washington
Mutual, leading the credit card business from San Francisco.
Tuesday, October 4, 2005
