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  • Answer Upon - Goldfish Credit Card Back Up For Sale

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    ing loan and credit card balances of some $50 billion!

    Why sell a business which is doing well?

    While many inves

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    Morgan Stanley, the powerful US investment bank, have again announced plans to sell off their credit card operations which includes the Goldfish brand in the UK. Their US credit card operation has over 50 million holders, while the Goldfish brand has been one of their success stories of recent times in the competitive UK credit card market.

    There is speculation amongst investment analysts that the credit card operations themselves could be worth up to $13 billion dollars, after announcing loan and credit card balances of some $50 billion!

    Why sell a business which is doing well?

    While many invest

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    ncludes the Goldfish brand in the UK. Their US credit card operation has over 50 million holders, while the Goldfish brand has been one of their success stories of recent times in the competitive UK credit card market.

    There is speculation amongst investment analysts that the credit card operations themselves could be worth up to $13 billion dollars, after announcing loan and credit card balances of some $50 billion!

    Why sell a business which is doing well?

    While many inves

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    There is speculation amongst investment analysts that the credit card operations themselves could be worth up to $13 billion dollars, after announcing loan and credit card balances of some $50 billion!

    Why sell a business which is doing well?

    While many inves

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    ongst investment analysts that the credit card operations themselves could be worth up to $13 billion dollars, after announcing loan and credit card balances of some $50 billion!

    Why sell a business which is doing well?

    While many inves

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    ing loan and credit card balances of some $50 billion!

    Why sell a business which is doing well?

    While many investors have welcomed the eventual change in the companies strategy towards the ill fitting credit card business, it seems that Morgan Stanley may have taken an opportunistic approach to the sale. While income has risen by 72% to some $1.6 billion, there are tell tale signs that the cycle may be about to turn. The company have recently increased bad debt provisions in the UK, even though they have not yet seen an increase - they have however seen a reduction in the “credit worthiness” of many o

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