Sallie Mae net up as derivatives value increases

(Reuters) - NEW YORK, July 17 - Student loan company Sallie Mae, whose proposed buyers are now threatening to call off their purchase, said on Tuesday that second-quarter earnings rose 33 percent, helped by increases in the value of some of its derivatives.



Sallie Mae, known legally as SLM Corp. , said net income rose to $966 million from $724 million a year earlier.


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