SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: sun-tzu who wrote (150385)2/8/2002 11:53:50 PM
From: mishedlo  Read Replies (1) | Respond to of 436258
 
Jello pushed from one overleveraged pig to another
JPM picks up 8.2B card portfolio from PVN - LOL
Doesn't this get sloppy after the second push?

news.moneycentral.msn.com

"...Providian's customers were harder hurt than most by the recession, which led to loan losses and slack demand at Providian. The company is cutting jobs and looking to unload parts of its card portfolio to boost results. It recently agreed to sell an $8.2 billion card portfolio to J.P. Morgan Chase & Co. Inc. (JPM)."