Deals
JPMorgan Weighs Sale of $1 Billion AARP Credit-Card Portfolio
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JPMorgan Chase & Co. is considering selling the credit-card portfolio it built through an almost three-decade partnership with the AARP, the nonprofit representing 38 million people, according to people with knowledge of the matter.
The sale would include roughly $1 billion in credit-card receivables, the people said, asking not to be identified because the discussions are private. Alliance Data Systems Corp. is among those interested in the portfolio, one of the people said.