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...JPMorgan started actively exploring a deal in mid-2021, but abandoned the effort in mid-2022 when it failed to convince Discover of its merits, people familiar with the matter told the Financial Times....
...There will also be an undisclosed amount of debt financing provided by a group of private lenders including Blackstone Credit, HPS Investment Partners and Blue Owl Capital....
...That is more than any of the biggest names in corporate America including Tesla, the $565bn behemoth whose stock is often frenetically traded....
...The bureau also said that smaller credit card issuers offered cheaper interest rates compared to larger rivals, including Capital One....
...Times, Weightman noted “similarities” between the sales pitch that was used then and Corinthia’s success in attracting an entire team of senior executives from Barings, which is owned by MassMutual, one of America...
...These revenues grew to more than $14bn in 2022 of the $130bn issuers charged consumers in interest and fees, according to the Consumer Financial Protection Bureau....
...A Kroger spokesperson said that blocking the deal would “harm the very people the FTC purports to serve: America’s consumers and workers”....
...Economists polled by Reuters forecast that annual inflation will ease to 3.1 per cent in March, down from 3.4 per cent in February and the lowest since mid-2021....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome loans in favour of a cheaper alternative, according to data from Bank of America....
...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....
...And isn’t it great that America has the best sports and the rest of the world wants to copy us?...
...By the mid-1800s, the US bracketed the landmass called North America....
...Return of Trump The FT writes about how the least divided place in America feels about the inevitability of Trump’s return....
...Here is the abstract: How, when, and why did women in the US obtain legal rights equal to men’s regarding the workplace, marriage, family, Social Security, criminal justice, credit markets, and other parts...
...The unemployment rate also dropped unexpectedly, to 3.8 per cent from 3.9 per cent, according to the Bureau of Labor Statistics....
...They’re even big in consumer lending, where large and mid-sized banks have a greater presence....
...With elections looming in both America and Britain, politicians are desperate to show that they have made something cheaper....
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...The prices of some of America’s highest yielders began to charge upward when US long bond yields peaked in mid-October. Telecoms stocks are worth a look....
...Is corporate credit too crowded? For a gestalt image, start with the Bank of America fund managers’ survey....
...Meta suspended links to news stories in Canada earlier this year in protest at the law, and Google threatened to follow suit when the law goes into effect in mid-December unless the government diluted the...
...The proposal issued by the Consumer Financial Protection Bureau on Tuesday would subject non-bank companies that offer digital payments to a regulatory scheme similar to that for banks or credit unions....
...Job moves Bank of America has hired Olof Engelbrekts as head of investment banking in Switzerland. He previously worked for UBS....
...The league is hoping a series of high-profile tournaments in coming years, including the Copa America and culminating in the World Cup, will continue to boost the sport....
...Bank of America, Johnson & Johnson and Morgan Stanley report earnings. Five more top stories 1....
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