American financial services company
Discover Financial (DFS) Profit Plunges as Compliance Costs Bite: Discover Financial Services, the lender that agreed to be acquired by Capital One Financial ...
bloomberg.com/news/articles/2024-04-17/discover-financial-profit-plunges-68-as-compliance-costs-bite
Capitalizing On Capital One: Potential Merger Arb Returns With Discover Acquisition
seekingalpha.com/article/4681970-capitalizing-on-capital-one-potential-merger-arb-returns-with-discover-acquisition
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Branded Content: Through a partnership with Alipay+, NayaPay becomes the first fintech platform in Pakistan to enable its users to pay at 80 million merchants ... Show more www.dawn.com/news/1826492/
Discover Financial Services (DFS) Q1 2024 Earnings Call Transcript: Discover Financial Services (NYSE:NYSE:DFS) Q1 2024 Results Conference Call April 18 ...
seekingalpha.com/article/4684454-discover-financial-services-dfs-q1-2024-earnings-call-transcript
Even before Fed cuts rates, banks trim what they pay for deposits: Some online banks that offer high-yield savings accounts are making those products a little ...
americanbanker.com/news/even-before-fed-cuts-rates-banks-trim-what-they-pay-for-deposits
Discover deploys generative AI in its contact center: The financial services firm is using Google Cloud's Vertex AI platform to help customer service agents ...
americanbanker.com/news/discover-deploys-generative-ai-in-its-contact-center
Discover CEO Michael Rhodes Resigns to Lead Ally: Discover Financial Services Chief Executive Officer Michael Rhodes is leaving the credit-card company to become ...
bloomberg.com/news/articles/2024-03-27/discover-ceo-michael-rhodes-stepping-down-to-become-ally-s-head
Live news: S&P 500 closes at record high in broad rally
ft.com/content/e19c64fe-6661-4f10-bde6-6cb4a5e97667
Exclusive: CapOne tells regulators Discover deal will boost competition and stability
reuters.com/markets/deals/capone-tells-regulators-discover-deal-will-boost-competition-stability-sources-2024-03-21/
Regulator would cap credit card late fees at $8, part of Biden's campaign against junk fees
apnews.com/article/credit-card-junk-late-fees-consumer-financial-16e3dc606a5e62cf3da01868ec627bc2
Quick Glance: Biden Sets Cap on Credit Card Fees
- The Biden administration has decided to cap all credit card fees, estimated to save Americans up to $10 billion a year.
- The Consumer Financial Protection Bureau's new regulations aim to reduce the average credit card fee from $32 to $8.
- Biden's efforts could eliminate a total of $20 billion in annual junk fees, including capping overdraft fees at $3.
- The Biden administration's economic leadership approval stands at 34% among U.S. adults, reflecting potential impacts of these measures.
Capital One seeks community plan on Discover deal, even as some activists balk: The credit card giant says that it is "proactively meeting" with advocacy ...
americanbanker.com/news/capital-one-seeks-community-plan-on-discover-deal-even-as-some-activists-balk
Paid articlePaid 8 of the biggest issues facing the banking industry today: A major shake-up in the payments world, a data breach that's opened up a debate on who is ultimately ...
americanbanker.com/list/8-of-the-biggest-issues-facing-the-banking-industry-today
Capital One Executive Says Investors Upbeat About Discover Deal: A Capital One Financial Corp. executive said investors have generally been positive about the ...
bloomberg.com/news/articles/2024-03-05/capital-one-executive-says-investors-upbeat-about-discover-deal
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What Investors Should Know About the Capital One-Discover Deal: Capital One announced a deal to acquire Discover Financial Services that could trigger regulatory ...
money.usnews.com/investing/articles/what-investors-should-know-about-the-capital-one-discover-deal
Quick Glance: Acquisition Plans: Capital One and Discover Financial
- Capital One plans to acquire Discover Financial, a US credit card company
- Capital One is valued at $52.2 billion and the fourth largest player in the US credit card market
- Discover was the 27th largest US bank by assets, while Capital One was the ninth largest
- Increased regulatory focus on credit card fees, potential merger in this context
Capital One is set to buy Discover in a $35 billion deal that would bring together two of the biggest credit card firms and allow them to compete with other ... Show more @RitikaGuptaTV trib.al/vEE8Sa6
Capital One Prepared to Pay More Than Expected to Fix Discover: Capital One Financial Corp. predicted the time and expenses needed to fix Discover Financial ...
bloomberg.com/news/articles/2024-02-27/capital-one-says-discover-fixes-could-cost-more-than-expected
Paid articlePaidQuick Glance: Democrats Call for Halt to Capital One-Discover Deal
- Thirteen top Democrats in Congress called on the Biden administration to reject the merger between Capital One and Discover, citing concerns over reduced customer choice and high fees.
- The proposed merger would create the largest credit card lender in the U.S. by combining Capital One's banking and card businesses with Discover's assets.
- Under the strong leadership of Sen. Elizabeth Warren (D-Mass.), Democrats also urged a reevaluation of the government's lenient approach to bank mergers to curb consolidation in the financial industry.
- The pressure on Capital One and Discover to gain approval from federal regulators highlights the political challenge they face, with Democrats pushing for the merger to be blocked and future harmful deals to be prevented.
Capital One Is Acquiring Discover For $35.3B–This Is Why You Should Care : Capital One Financial is reportedly laying plans to purchase Discover Financial ...
essence.com/news/money-career/capital-one-discover-acquisition/
Editorial: Proposed credit card deal triggers progressives: “The merger of @CapitalOne and @Discover threatens our financial stability, reduces competition and ...
bostonherald.com/2024/03/02/editorial-proposed-credit-card-deal-triggers-progressives/
3 reasons why there won't be another financial crisis: Whitney: The "Oracle of Wall Street" shared why the US is safe from another downturn and outlined what to ...
businessinsider.com/economy-outlook-prediction-consumer-spending-recession-financial-crisis-meredith-whitney-2024-3
Paid articlePaid Capital One considers acquisition of Discover Financial, Bloomberg says
reut.rs/49FPq8x
Quick Glance: Everton climbs out of relegation zone after draw
- Amadou Onana's goal secures Everton a draw against Crystal Palace.
- The draw lifts Everton out of the Premier League relegation zone.
- Jordan Ayew leads Palace in the second half post Roy Hodgson's resignation.
- Palace is five points clear of relegation, with Everton and Luton tied in points.
Can Capital One Buy Discover? The Stock Prices Show Roughly Even Odds.: Discover Financial is trading at about 11% below the current value of Capital One’s ...
barrons.com/articles/capital-one-discover-even-odds-d9651fca
Paid articlePaid Stock Market Has Yet to Factor In Fed Rates Staying Higher for Longer, and 5 Other Things to Know Before the Market Opens
barrons.com/articles/what-to-know-today-b6d2eb66
Paid articlePaid Amazon Sprinkles Some Magnificent Seven Stardust on the Dow. Why It’s Bad Timing. And 5 Other Things to Know Before Markets Open.
barrons.com/articles/what-to-know-today-1c54d489
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Jamie Dimon on Capital One's $35.3 billion Discover acquisition: 'Let them compete'
cnbc.com/2024/02/26/jamie-dimon-on-capital-one-discover-deal-let-them-compete.html
Quick Glance: JPMorgan CEO Dimon Optimistic Yet Cautious
- JPMorgan Chase CEO Jamie Dimon says market sentiment is improving but maintains caution.
- Despite rising market confidence, Dimon expressed concerns about economic outlook.
- He warned of geopolitical tensions and welcomed regulatory scrutiny in private credit markets.
- Dimon responded positively to competition and mergers, emphasizing fair competitive conditions.
Democrat Congresswoman Maxine Waters said on Wednesday she was "deeply opposed" to Capital One Financial's $35.3 billion planned acquisition of ... Show more
Credit cards are charging more 'excess' interest than ever, CFPB says: Credit card companies are hiking rates to record highs to pad their profits ...
nbcnews.com/business/consumer/credit-card-interest-rates-apr-cfpb-report-rcna139866
Morning Bid: Rates angst, China cut and credit card deal: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-02-20/
Exclusive: Senate Republican demands Biden block credit card company merger: "I urge you to take the first opportunity available to challenge this bad deal ...
axios.com/2024/02/21/senate-republican-biden-block-credit-card-company-merger-hawley
Capital One's Fairbank, eyeing 'holy grail,' takes a calculated risk : The credit card lender's blockbuster acquisition of Discover is not guaranteed to get ...
americanbanker.com/news/capital-ones-fairbank-eyeing-holy-grail-takes-a-calculated-risk
Paid articlePaid Credit card debt: Renters and poor people are falling behind: Noticeable pockets of Americans — renters, the poor and middle-income borrowers — are running up ...
apnews.com/article/debt-credit-cards-delinquencies-scores-renters-85aab5e510f531df140f99629a4f60c3
Quick Glance: Record Credit Card Debt and Rising Delinquencies
- Credit card debt reaches another new high.
- Americans now owe a total of $1.13 trillion on their credit cards.
- Average balance per consumer jumps 10% to $6,360.
- Delinquency rates for credit cards are increasing across the board.
Capital One Announces $35B Merger with Discovery; Colorado Sues over Kroger-Albertsons Merger
democracynow.org/2024/2/20/headlines/capital_one_announces_35_merger_with_discovery_colorado_sues_over_kroger_albertsons_merger
Capital One’s acquisition of also-ran credit card merchant Discover will take advantage of a lucrative exemption in federal law that could prove to be ... Show more trib.al/yvQjGbe
Lounge Check: Copa Club @ Terminal 2 - Panama Tocumen Intl. Airport: Panama’s Tocumen International Airport inaugurated its new Terminal 2 to passengers in April ...
loyaltylobby.com/2024/02/18/lounge-check-copa-club-terminal-2-panama-tocumen-intl-airport/
Capital One Makes A Brilliant Step Forward With Discover: Capital One plans to acquire Discover Financial in a $35 billion all-stock deal ...
seekingalpha.com/article/4675886-capital-one-makes-a-brilliant-step-forward-with-discover
Paid articlePaid $COF $DFS - A Great Opportunity Thanks To The Purchase Of Discover Financial By Capital One. seekingalpha.com/article/4671872-great-opportunity-purchase-of-discover-financial-by-capital-one?source=feed_f&utm_campaign=twitter_automated&utm_content=article&utm_medium=social&utm_source=twitter_automated #trading #investing #stocks
Weekend Business News Roundup February 24, 2024: A collection of our best posts of the week in business news
qz.com/weekend-business-news-roundup-february-24-2024-1851282075
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Why has RBI put restraints on a certain card network?: There are five card networks in India: Visa, Mastercard, RuPay, Diners Club, AmEx ...
indianexpress.com/article/explained/explained-economics/rbi-restraints-card-network-9164676/
Discover Financial Services: High-Yielding Digital Bank And Payment Network: Discover Financial has increased its dividend for 13 consecutive years ...
seekingalpha.com/article/4667540-discover-financial-services-high-yielding-digital-bank-payment-network
Paid articlePaid Discover Financial Services: Down But Far From Out: Discover Financial's Q4 earnings miss caused a significant drop in stock value, with shares falling nearly ...
seekingalpha.com/article/4665100-discover-financial-services-down-but-far-from-out
Paid articlePaid These Stocks Are Moving the Most Today: Discover, Taiwan Semiconductor, Boeing, Apple, Plug Power, and More
barrons.com/articles/stock-market-movers-99025c5a
Paid articlePaid These Stocks Are Moving the Most Today: Morgan Stanley, Goldman Sachs, Apple, Boeing, Tesla, and More
barrons.com/articles/stock-market-movers-38dd56f0
Paid articlePaid Capital One says credit deterioration has 'run its course': The stable outlook is an indication that — at least for some lenders — the much-feared cycle of ...
americanbanker.com/news/capital-one-says-credit-deterioration-has-run-its-course
Discover Financial (DFS) 4Q Profit Plunges on Compliance Fallout: Discover Financial Services posted a 62% drop in fourth-quarter profit as the company continued ...
bloomberg.com/news/articles/2024-01-17/discover-financial-profit-plunges-62-as-compliance-costs-bite
Sallie Mae eyes market-share gains after Discover exits student lending: The private student loan market is in flux after one major lender, Discover Financial ...
americanbanker.com/news/sallie-mae-eyes-market-share-gains-after-discover-exits-student-lending
Here are Wednesday's biggest analyst calls: Nvidia, Netflix, Amazon, Apple, Tesla, Verizon, Eli Lilly & more
cnbc.com/2024/01/03/top-stocks-to-watch-on-wednesday.html
Paid articlePaid Discover Financial Shares Are on Track to Pop. Citi Flagged 4 Reasons.: Earlier this month, the card issuer announced it has appointed a new chief executive ...
barrons.com/articles/discover-financial-stock-upgrade-3fed4bd1
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US Consumer Debt Moves Toward Pre-COVID Levels: Economist Shares Top Takeaways - Discover Finl (NYSE:DFS)
benzinga.com/economics/macro-economic-events/24/01/36444605/us-consumer-debt-moves-toward-pre-covid-levels-economist-shares-top-takeaways
Synchrony says its consumer credit losses are nearing their peak: The credit card issuer said it's "cautiously optimistic" about its borrowers' financial health ...
americanbanker.com/news/synchrony-says-its-consumer-credit-losses-are-nearing-their-peak
Capital One, Discover Can Benefit from Soft Landing, BofA Says. PayPal Needs Time.
barrons.com/articles/capital-one-discover-buy-bofa-paypal-hold-46667ed9
Paid articlePaid These Stocks Are Moving the Most Today: Spirit Airlines, Alibaba, Interactive Brokers, Impinj, Charles Schwab, and More
barrons.com/articles/stock-market-movers-57a9c049
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Stock Market Today: Stocks Fall After Fed Official Says There's No Need to Rush Rate Cuts
kiplinger.com/investing/stocks/stock-market-today-stocks-fall-after-fed-official-says-theres-no-need-to-rush-rate-cuts
Credit Card Growth Continues To Benefit Discover Financial: Discover Financial also owns Diners Club cards and the PULSE Network, which are contributing to its ...
seekingalpha.com/article/4663174-discover-financial-stock-credit-card-growth-continues-to-benefit
Paid articlePaid Discover Financial Q4 Earnings Preview: Credit Losses Are The Primary Concern: Discover Financial (DFS) shares have underperformed the market, but have rallied ...
seekingalpha.com/article/4662894-discover-financial-q4-earnings-preview-credit-losses-primary-concern
Discover Financial appoints Michael Rhodes as CEO: Discover Financial (DFS.N) said on Monday said it had appointed Michael Rhodes as its new chief executive ...
reuters.com/business/finance/discover-financial-appoints-michael-rhodes-ceo-2023-12-11/
New payment CEOs taking the spotlight for 2024: These executives have taken charge at firms like PayPal, Discover and Early Warning Servcies during a volatile ...
americanbanker.com/payments/list/new-payment-ceos-in-the-spotlight-for-2024
Paid articlePaid Discover Financial explores sale of students loan portfolio: Discover Financial Services (DFS.N) said on Wednesday it was exploring the sale of its students loan ...
reuters.com/markets/deals/discover-financial-explores-sale-students-loan-portfolio-2023-11-29/
Here are Wednesday's biggest analyst calls: Tesla, Walmart, Qualcomm, Deere, Robinhood, Shopify & more
cnbc.com/2023/12/06/wall-street-analysts-favorite-stocks-on-wednesday.html
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Credit cards, the better debit cards: Plastic Money - Credit cards are practical, convenient and are among the safest means of payment ...
diepresse.com/17908419/kreditkarten-die-besseren-debitkarten
Diners Club Australia Closes January 31, 2024: Diners Club cards issued in Australia are closed on January 31, 2024.
loyaltylobby.com/2023/11/01/diners-club-australia-closes-january-31-2024/
Discover, facing regulatory scrutiny, to exit student lending: After nearly a decade of regulatory headaches, Discover Financial Services is looking to sell its ...
americanbanker.com/news/discover-facing-regulatory-scrutiny-to-exit-student-lending
Discover Earnings Post 33% Profit Drop, Shares Fall (DFS): Discover Financial Services posted a 33% drop in third-quarter profit as write-offs climbed and the ...
bloomberg.com/news/articles/2023-10-18/discover-profit-tumbles-33-as-credit-card-write-offs-mount
Discover Financial jumps 7% after agreeing with FDIC to improve consumer compliance
reuters.com/business/finance/discover-financial-jumps-7-after-agreeing-with-fdic-improve-consumer-compliance-2023-10-02/
Newsweek and data firm Plant-A Insights Group are proud to introduce our ranking of America's Greatest Workplaces for Remote Work 2023 ... Show more #AmericasGreatestWorkplaces #RemoteWork www.newsweek.com/rankings/americas-greatest-workplaces-remote-work-2023
MP Tin Pei Ling announces new role at payment firm DCS Card Centre after leaving Grab
channelnewsasia.com/singapore/tin-pei-ling-mp-joins-dcs-card-centre-after-leaving-grab-3814921
Most Trusted Credit Cards Win Fans With Exclusive Deals, Top Service: Credit card rewards and great service put American Express and Discover in a tie for first ...
investors.com/news/credit-card-companies-win-fans-with-exclusive-deals-top-service/
Discover Considers Possible Sale of Its Student-Loan Arm: Discover Financial Services is exploring the potential sale of its student-loan business as the company ...
bloomberg.com/news/articles/2023-09-15/discover-is-said-to-mull-possible-sale-of-its-student-loan-arm
Regional banks are in focus in the week ahead as third-quarter earnings season ramps up
cnbc.com/2023/10/13/regional-banks-are-in-focus-in-the-week-ahead-as-third-quarter-earnings-season-ramps-up-.html
Paid articlePaid FAQ: What you need to know about DCS Card Centre and its shift from just a card issuer to a fintech provider
channelnewsasia.com/singapore/diners-club-singapore-dcs-fintech-tin-pei-ling-pivot-3816856
Discover, bracing for FDIC penalty, adds ex-agency official to its board: The consumer lender's stock price has fallen more than 30% since its disclosure of a ...
americanbanker.com/news/discover-bracing-for-fdic-penalty-adds-ex-agency-official-to-its-board
Paid articlePaid Credit card losses are rising at the fastest pace since the Great Financial Crisis
cnbc.com/2023/09/22/credit-card-losses-are-rising-at-the-fastest-pace-since-the-great-financial-crisis.html
Discover Financial stock falls nearly 10% as CEO resigns amid compliance issues: Roger Hochschild, a longtime Discover executive, stepped down “effective ...
chicagotribune.com/business/ct-biz-discover-ceo-resignation-20230815-e4uumu73ffblniql5zvcz3ey5a-story.html
Discover says it's 'paying the price' of long neglecting compliance: The embattled credit card company, which is bracing for regulatory action ...
americanbanker.com/news/discover-says-it-could-long-face-consequences-of-compliance-problems
Paid articlePaid Marriott & HDFC Bank Launch Cobranded Bonvoy Credit Card With Diners Club For India
loyaltylobby.com/2023/08/24/marriott-hdfc-bank-launch-cobranded-bonvoy-credit-card-with-diners-club-for-india/
‘We still exist’: DCS Card Centre, previously Diners Club Singapore, on its pivot to fintech and crypto
straitstimes.com/business/we-still-exist-dcs-card-centre-previously-diners-club-singapore-on-its-pivot-to-fintech-and-crypto
USAA wins patent agreement with Discover, vows to keep going after banks: The card network has agreed to pay USAA licensing fees for the use of mobile deposit ...
americanbanker.com/news/usaa-wins-patent-agreement-with-discover-vows-to-keep-going-after-banks
Paid articlePaid Discover Financial (DFS) Suspends Buybacks, Discloses Regulatory Talks: Discover Financial Services slumped in late trading after the lender disclosed that it ...
bloomberg.com/news/articles/2023-07-19/discover-falls-on-regulatory-talks-disclosure-suspends-buybacks
Discover dabbles with two types of delinquency: In the credit card business, delinquency means not paying on time. In the real world, it means behaving badly ...
reuters.com/breakingviews/discover-dabbles-with-two-types-delinquency-2023-07-21/
Markets Brief: How to Know When We’re Really in a New Bull Market: An overly concentrated market is a sign investors are uncertain about the economy.
morningstar.com/markets/how-know-when-were-really-new-bull-market
With the chip shortage fading, in-car payments gain speed: JPMorgan Chase and Discover are among the firms developing new technology to allow more people to shop ...
americanbanker.com/payments/news/with-the-chip-shortage-fading-in-car-payments-gain-speed
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