Capital One + Discover: what would a merger mean?
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
What Capital One would get from buying Discover: Capital One 's proposed acquisition of 发现金融服务公司 would create a credit card behemoth with its own payments network. The deal is likely to draw tough regulatory scrutiny, though analysts say there are many compelling strategic reasons for the combination.
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Pig butchering: The scam that hastened a bank's failure. A report reveals Heartland Tri-State Bank's failure last year was due to its CEO being ensnared in a sophisticated investment scam that is taking more victims. Here's how this kind of fraud works.
Big banks charge higher credit card APRs than smaller issuers, CFPB says: The median interest rate that large credit card issuers charged consumers with good credit in the first half of 2023 was 28.2%, compared with 18.15% at smaller banks and credit unions, according to a study by the Consumer Financial Protection Bureau , which is on a campaign against excessive fees.
Join us to experience the most exciting developments in payments at this year’s?Payments Forum, March 27-28, 2024?at the Diplomat in Hollywood, Fl. ?
City National reports layoffs amid focus on controlling costs: The Los Angeles-based City National Bank , part of RBC , said that it's eliminating roles across its footprint. The job cuts follow a year in which expenses soared and losses piled up.
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Vice President, Sr. Ld. Commercial Banking RM at BMO Liquidity Specialty Group
9 个月This would mean less cash back for customers and higher interest and fees for consumers. Capital one didn’t gain much in launching there banking platform few years ago. Discover lost money on student loan payments after loan forgiveness was granted to some student loan borrowers. Therefore, to consumers who have Capital one or Discover card, gets ready for annual fee and less cash back offers .
Warehousing
9 个月Never send you new card and get bad not paying bill I can't use card because it old expired never send new replacement
Warehousing
9 个月Have ever tell capital one your card number they say money then give card number then find money was taken was maxed out you call card all had do was pay it fee then use money then find out money taken
Common sense D2B Designs to Build
9 个月Surprime Bubble burst #2 only 16 years from 2008... Anyone want to buy a vacant modern glass and aluminum bank...Capital One and thousands of fee heavy for profit banks are moving away from glass, aluminum, bricks and mortar...with use of Discover's platforms, data, and depth of electronic only online and virtual banking by letting go and closing 40% of walk in customer service locations worldwide...as the trend of online banking takes hold with more account holders being forced to accept the electronic reality... If you used to feel like a number...get ready folks...and get yourself multiple account numbers to compare electronic customer service in a respectful manner, you can accept, before they take all paper currency away in the next 20 years. My fellow colleagues in the construction Sciences should have foreseen the coming to this in the tin can retail banks of the last twenty years...that none of them were interested in employee nor customer account retention...when error free number crunching became the technological norm of the why behind computers. Hold tight to what you don't have, withdraw all that you have in their 'care'...when banks start to deny credit to all... Buy yourself a safe, it's safer in every sense.