(source: capitalone.com)
Capital One expects the process of fixing Discover Financial’s regulatory challenges to be long and expensive. “These can be very big undertakings,” Capital One CEO Richard Fairbank said Tuesday...
Fidelity National Information Systems (FIS) reported fourth-quarter earnings results that showed momentum in recurring revenue metrics as financial institutions expand their digital banking initiatives and...
Consumers are reportedly taking legal action after allegedly being deceived by their banks’ savings offerings. As The Wall Street Journal (WSJ) reported Sunday (Feb. 25),...
In what could be one of the largest acquisitions of the decade, Capital One recently announced it wants to purchase Discover Financial in a deal...
If Capital One’s planned acquisition of Discover Financial falls through, one firm or the other could pay a termination fee of $1.38 billion. This termination...
Democrat Congresswoman Maxine Waters has called on banking regulators to block the $35.3 billion planned acquisition of Discover Financial by Capital One Financial. Waters, D-Calif., said Wednesday (Feb. 21) that she...
In any industry, a $35 billion deal is, of course … a big deal. But in financial services, the news that Capital One has set...
Capital One is acquiring Discover Financial in a deal that brings together two of the largest credit card companies in the United States. Bloomberg reported...
Where there’s smoke, there’s fire, goes the old aphorism. In the credit card space, and within the private-label subset of that industry, the flames are...