Bank of America CEO continues the dialogue about the option of independence from Visa. Analysts point out the scale of the MBNA acquisition adds to the estimated 20% of US Visa business owned by Bank of America.
Finextra: Bank of America CEO fuels Visa break-away speculation
Some analysts suggest that the bank is just sabre rattling as part of a negotiating tactic to lower charges. Others point out that BofA’s recent $35 billion acqusition of MBNA Corp has given it added scale, making a bolt for independence more plausible.
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