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Hot Issue: Cash/Credit Cards

3/13/08
Target Looking to Sell Half of Credit Card Biz

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It might seem odd timing that Target would attempt to sell half of its credit card business while the country is in the middle of a credit crunch, but according to a report by Bloomberg, Target is in the process of selling part of its $8.3 billion portfolio while seeking to create a "long-term" relationship with the company that acquires the loans. What is your reaction to Target's plan to sell half of its credit card portfolio considering it resisted making such a move for such a long time?

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