.

Latest news on Providian Financial Corporation

Morgan Stanley: spin-off shelved

Morgan Stanley chief John Mack has decided that the company will retain its Discover card unit. This is a wise move; Discover is a profitable operation and recent deals with Pulse and China UnionPay have placed it in a strong position to enjoy future growth. However, while its short term future will be with Morgan Stanley, there remain several issuers willing and able to acquire the unit.
19 Aug 2005, 08:37 GMT
OTHER RECENT NEWS ON PROVIDIAN FINANCIAL CORPORATION

HSBC/Metris: US consolidation craze continues

8 Aug 2005, 18:17 GMT

Washington Mutual reports sharp rise in Q2 earnings

21 Jul 2005, 18:07 GMT

Washington Mutual to buy Providian

6 Jun 2005, 17:06 GMT