Apollo Global Purchases Irish Portfolio from Bank of America (APO, BAC)

Apollo Global Management (NYSE:APO) announced Wednesday that it plans to purchase Bank of America’s (NYSE:BAC) Irish consumer-credit-card portfolio that consists of more than 200,000 customer accounts with a balance over $800 million.Terms of the deal were not disclosed.Bank of America is currently above its 50-day moving average (MA) of $7.80 and above its 200-day of $7.58.In the last five trading sessions, the 50-day MA has climbed 2.86% while the 200-day MA has slid 0.31%.

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