Target CFO touts credit card deal as ‘Money for Nothing’

[calm_girl]

Target CFO touts credit card deal as 'Money for Nothing'
      

Late Monday, Target said it would sell a 47 percent interest in its credit card business to JPMorgan Chase for an initial investment of $3.6 billion.
The news came almost 8 months after the discount retailer, under pressure from activist investor Bill Ackman, said it was exploring options for its credit card business — a move it had long [...]
         

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