A Look At Target's Credit Card Issuing Business
Business Week takes a look at Target's credit card issuing business - which it says was responsible for three-quarters of the company's 15% earnings gain in the first quarter - and reports that "a close look at Target's $5.8 billion credit-card operation reveals a portfolio growing at four times the rate of other lenders and brimming with riskier borrowers -- a dangerous combination."
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