Bank of America's acquisition of MBNA Corp. spells big changes for the credit card company but it is expected to have no immediate impact on the companies' European operations, as sources say that at the moment it's business as usual for MBNA Europe.

"Following discussions with MBNA EBL and considering that BofA [has] a minimal presence in the U.K. credit card market, we expect it to be business as usual at MBNA EBL for the time being," said Janet Oram, an analyst at Fitch Ratings. "In the future there may be a change in the servicing process but at the moment there has been no indication that this will happen."

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