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FEB 19, 2013 - Washington Business Journal

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Citibank signs with Best Buy; Chase renews deal with Land Rover

It's a busy day for big partnership deals in the credit world. Citigroup Inc. signed an agreement to issue and manage Best Buy-branded cards in the United States, and also reached a deal with Capital One Financial Corp. to acquire about $7 billion of Best Buy private label and co-branded card loans. Both deals are anticipated to close in the third quarter of 2013, subject to customary conditions. Citigroup (NYSE: C) said it does not expect the transactions to be material to its earnings in 2013. “This…

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