Deals
BMW Is Holding Sale Talks for Its Branded Credit-Card Unit
- Automaker could benefit from banks’ hunger for card portfolios
- Unit had $289 million in credit-card loans at end of September
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BMW AG may be getting out of the credit-card business.
The world’s second-biggest luxury carmaker has held talks with banks as it considers a sale of its credit-card portfolio, according to people familiar with the matter who asked not to be identified because the discussions were private. A spokesman for BMW declined to comment.