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Wachovia Continues Growth, Stockpiles Receivables

Inching toward the $10 billion mark, Wachovia Bank Card Services' receivables portfolio topped $8.3 billion, following the purchase of $1.9 billion in credit card receivables from Partners First Holdings, said Robert S. McCoy, Wachovia's chief financial officer.

Though Wachovia has no current plans to sell the debt, Partner's portfolio...

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