Hints and tips:
Related Special Reports
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...The backlog of customer service issues has emerged months after the German lender promised to quickly fix the widespread disruption caused by a botched IT migration project....
...Michael Rhodes, who joined Discover in December, is headed to Ally Financial, where he will be chief executive of the financial services company that has long specialised in auto loans....
...Michael Rhodes, who only joined Discover in December, is headed to Ally Financial, where he will be CEO of the financial services company, which has long specialised in auto loans....
...US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, in an all-stock tie-up that is set to unite two of America’s largest credit card companies....
...US lender Capital One is nearing a deal to buy rival Discover Financial, according to two people familiar with the matter, in a tie-up that would unite two of America’s largest credit card companies....
...An OCC spokesperson said the agency had “not received a filing from Capital One regarding Discover Financial Services”....
...The lender agreed to buy Discover Financial Services on Monday for $35bn. Capital One is looking to wrap up that deal later this year or early 2025....
...On Monday, the Virginia-based bank said it had agreed to acquire Discover Financial Services for $35bn, to be paid all in stock....
...He points to the use of co-pilot systems to help reduce mundane tasks in financial services as in other areas....
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company....
...The enforcement action against KPMG was the result of a joint investigation by the PCAOB and the Dutch Authority for the Financial Markets (AFM), which will put the firm under enhanced supervision in the...
...Capital One Financial, which is buying rival Discover Financial Services, is up 50 per cent. Americans held more than $1.1tn on their credit cards at the end of 2023, an all-time high....
...Private equity group Carlyle and Abu Dhabi investment group IMI have agreed a fresh debt funding package for the Barclay family’s Very Group, the Liverpool-based retail and financial services group....
...Sony will list its financial services arm in 2025, providing a boost for investors even as the Japanese group cut its forecast for full=year sales of its PS5 gaming console....
...Discover Financial shares tumbled as one of the biggest credit card groups in the US revealed it has set aside almost $2bn to protect against loan losses and its quarterly profit more than halved....
...When a financial crisis hit the theatre world at the end of the 19th century, it was difficult to sell tickets....
...to German security services....
...It is just one of several regulations that financial services businesses with cross-Channel operations have been trying to navigate after Brexit....
...Still, big financial services deals are going to bring scrutiny, and the likes of Senator Elizabeth Warren have already called for regulators to block the merger....
...The Post Office, which remained under public ownership when Royal Mail was privatised, made just £500mn of revenues from financial services last year....
...Spending on digital services is particularly buoyant in financial services, experts say, due in part to rising interest rates boosting margins for banks — creating surplus cash for them to spend on IT....
...The Wall Street Journal reported earlier this year that, in 2022, six financial institutions moved half a trillion dollars from AFS to HTM....
...With the indebtedness of governments, businesses and households at a peacetime record, renewed evidence of financial strains may yet emerge....
...Hostage’s account: Wichian Temthong, a Thai worker who was held for seven weeks in Gaza by Hamas, speaks to the Financial Times about the ordeal he went through....
International Edition