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December 15, 2006

SunTrust cuts credit card ties to BofA

The largest bank still issuing credit cards through Bank of America Corp. is moving to a new partner.SunTrust Banks Inc. of Atlanta said it would sever ties with a division of the former MBNA Corp. that issues cards for other banks.

Bank of America acquired MBNA in January, drawing SunTrust and other MBNA customers including Wachovia Corp. into an unwanted relationship with a retail banking competitor.

Wachovia ended the relationship and started issuing its own cards this summer.

Read more at: SunTrust cuts credit card ties to BofA

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