Bank Of America Announces Deal To Acquire Up To 49.9% Of Jio Financial's Jio Credit For Up To $1.9B; Initial Equity Interest Of 26.5%
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Why It Matters
Bank of America is buying a big piece of a credit card company called Jio Credit for money and a promise to buy more later. This shows the bank wants to grow in new places and help more people use credit cards.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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