Bank of America announced that it will be acquiring MBNA Corporation, which will make it one of the biggest credit card issuers in the United States. "Today's announcement is not only about the creation of one of the world's largest card providers. That is compelling in and of itself," said Bank of America Chairman and CEO Kenneth D. Lewis. "But it's really a much larger story about two companies with complementary strengths. The result will be the country's top retailer of financial services with the size and scale to drive distribution and marketing efficiencies."
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