First Mortgage

The acquisition of Providian Financial by Washington Mutual Incorporation is considered as a positive step for both the nation’s leading financial services. Through different sources, I have analysed that providian credit card services have actually improved after this acquisition. According to Kerry Killinger, CEO of Washington Mutual the acquisition has enhanced the consumer banking growth of Washington Mutual Incorporation and it has strengthened the position of the company in the middle-market consumer segment. One reason for this is the solid credit quality of providian cards. In addition, Washington Mutual Incorporation has also diversified its balance sheet through this action. Although Providian’s products and services are innovative, still superior customer support of Washington Mutual Incorporation has further enhanced the quality of services. The shareholders have also incurred huge benefits because of low cost structure and higher efficiency of operations. The performance of the providian credit card is evident from different kinds of cards available in the market and their excellent features. Without any doubt, providian cards are one of the best financial tools for the customers. Therefore, I believe that such kinds of acquisitions not only provide benefits to the companies but they also open new offers for the customers.