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Juniper Financial Corp

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August 19, 2004 | From Dow Jones/Associated Press
British bank Barclays said it would buy credit card company Juniper Financial Corp. from Canadian Imperial Bank of Commerce for $293 million in cash, gaining a toehold in the U.S. consumer banking market. Fast-growing Juniper, based in Wilmington, Del., has $1.4 billion in receivables and 700,000 accounts. It was founded in 2000 and issues cards for companies including hotel operator Best Western International Inc. and Frontier Airlines Inc.
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BUSINESS
August 19, 2004 | From Dow Jones/Associated Press
British bank Barclays said it would buy credit card company Juniper Financial Corp. from Canadian Imperial Bank of Commerce for $293 million in cash, gaining a toehold in the U.S. consumer banking market. Fast-growing Juniper, based in Wilmington, Del., has $1.4 billion in receivables and 700,000 accounts. It was founded in 2000 and issues cards for companies including hotel operator Best Western International Inc. and Frontier Airlines Inc.
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