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Tinkoff Credit Systems Weekly Credit Card Update–October 25, 2013

Russian Credit Card Firm Jumps After IPO The initial public offering for Oleg Tinkov’s credit card company in Russion raised $1.1 billion, valuing the company at about $3.2 billion. Mr. Tinkov said he got the idea for the credit card business after receiving a direct mail advertisement from Capital One while visiting San Francisco. Future growth will be slowed by