The Wall Street Journal is reporting that Capital One Financial Corp. is nearing a possible deal to acquire HSBC Holdings PLC's U.S. credit card portfolio.
The newspaper based the Monday report on several unidentified people it said were familiar with the matter.
The Journal reports that the two lenders are in final negotiations for a deal that would include about $30 billion of credit card loans.
Still, the newspaper says that the talks could still fall apart, and notes that Wells Fargo & Co. also had been interested in the HSBC assets.
An HSBC spokesman declined to comment on Monday. Capital One, based in McLean, Va., did not immediately return a call seeking comment.
In June, Capital One agreed to buy ING's online banking unit for $9 billion.