How will regulators feel about Capital One-Discover deal?
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
The Capital One-Discover deal raises thorny issues for Washington: The blockbuster merger proposal will be reviewed at a time when the Biden administration is expressing skepticism about consolidation. Its analysis will have to account for markets dominated by both big banks and the likes of Visa and 萬事達卡 .
Read more: 5 key drivers of the Capital One-Discover merger; BankThink: Capital One-Discover merger pits concentration risk against payments competition
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PNC promotes from within for president, sets up potential CEO successor: The Pittsburgh company says its new president, Mike Lyons , will report to William Demchak , who will continue as chairman and chief executive. Lyons is positioned to become PNC 's next CEO someday, observers said.
Truist selling last chunk of insurance business. Now what? The Charlotte, North Carolina, company has agreed to sell its remaining 80% stake in its insurance brokerage unit to raise billions of dollars in cash and extra capital. The "wild card" is how Truist will deploy them, one analyst says.
How Maggie Lena Walker triumphed in the Jim Crow era: She mixed outspoken activism with business pragmatism, launching a bank that helped hundreds of African Americans buy homes in her longtime community.
Supreme Court weighs timeliness of challenge to bank interchange fees: The Supreme Court justices grappled with the question of whether a newly-formed company can challenge a regulatory rule after the six-year statute of limitations has expired, a decision that could have broad impact on plaintiffs' ability to challenge agency rules.
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Associate at New Frontier Funding
1 年Good article, look forward to your ongoing coverage on this one American Banker