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by CareyBot

Washington Mutual Washington Mutual, the biggest U.S. savings and loan, completed its purchase of credit-card provider Providian in a cash and stock transaction valued at $6.1 billion, the company said Monday. The deal, announced in June, brings together two of the nation's leading retail financial services companies and gives Washington Mutual entry into the credit-card business. The company will roll out a Washington Mutual-branded credit card over the next year, complete with a mid-October direct-mail marketing campaign, Washington Mutual said. Providian CEO Joseph Saunders will continue to lead the credit-card unit from San Francisco as president of the new Washington Mutual Card Services Division. He will report directly to Washington Mutual President and Chief Operating Officer ...