September 01, 2011
Today?s Headlines 9/3/2011
(Reuters) ? Credit card company Discover Financial Services said it is buying $2.5 billion of private student loans from Citigroup Inc. as it expands its banking business.
The purchase price for the loans is 99 percent of the outstanding balance and accrued interest, Discover said.
Click link below to read full and original article
Discover Financial buying $2.5 billion in student loans from Citigroup
Source: http://www.finance4noobs.com/discover-financial-buying-2-5-billion-in-student-loans-from-citigroup/
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