MBNA back in profit after slashing jobs

MBNA’s credit card business in Ireland last year returned to profit after slashing costs, with 40% of its workforce losing their jobs.

The business was threatened with closure in 2011 when the Bank of America said it was exiting the credit card business in the UK and Ireland.

However, the business remains operating at Carrick-on-Shannon, with job numbers last year down from 457 to 273.