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                    [ArticleID] => 343594
                    [Title] => GE Consumer Finance buys Bankard from RCBC
                    [Summary] => GE Consumer Finance (GECF) has acquired credit card firm Bankard Inc. following the recent launch of GE Money Bank, a thrift and savings bank.


Bankard is a 72-percent owned subsidiary of RCBC Capital Corp., which, in turn, is a wholly-owned subsidiary of universal bank Rizal Commecial Banking Corp. (RCBC).


The RCBC board of directors reported that it had "accepted the GECF proposal to acquire substantially all of Bankard’s assets and to assume certain liabilities related to its credit card-issuing and cards-present merchant acquiring businesses."


                    [DatePublished] => 2006-06-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
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RIZAL COMMECIAL BANKING CORP

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                    [ArticleID] => 343594
                    [Title] => GE Consumer Finance buys Bankard from RCBC
                    [Summary] => GE Consumer Finance (GECF) has acquired credit card firm Bankard Inc. following the recent launch of GE Money Bank, a thrift and savings bank.


Bankard is a 72-percent owned subsidiary of RCBC Capital Corp., which, in turn, is a wholly-owned subsidiary of universal bank Rizal Commecial Banking Corp. (RCBC).


The RCBC board of directors reported that it had "accepted the GECF proposal to acquire substantially all of Bankard’s assets and to assume certain liabilities related to its credit card-issuing and cards-present merchant acquiring businesses."


                    [DatePublished] => 2006-06-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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abtest

GE Consumer Finance buys Bankard from RCBC

June 24, 2006 - 12:00am

GE Consumer Finance (GECF) has acquired credit card firm Bankard Inc. following the recent launch of GE Money Bank, a thrift and savings bank. Bankard is a 72-percent owned subsidiary of RCBC Capital Corp., which,...

Business