The good times are still rolling on Wall Street. An intensifying earnings season will put that momentum to the test. The S & P 500 ended Friday at…
Read more Earnings will drive the stock market in the week ahead. That’s a good thingJustin Sullivan | etty Images The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments…
Read more Justice Department accuses Visa of debit network monopoly that affects price of ‘nearly everything’Discover Financial Services is tapping generative AI to speed up call center agent response and strengthen client experience. Using Google Cloud’s AI platform, Vertex AI, Discover has reduced…
Read more Gen AI reduces agent response time by 70% at Discover | Bank Automation NewsStocks that traded heavily or had substantial price changes on Thursday: Chuy’s Holdings Inc. (CHUY), up $12.07 to $37.34. The Tex-Mex chain agreed to be acquired by Darden…
Read more Domino’s Pizza, Beyond Meat fall; Chuy’s, Warner Bros. rise; Thursday, 7/18/2024Federal regulators might find reasons beyond antitrust concerns to block the Capital One-Discover merger. Adobe Stock As federal regulators review Capital One’s merger application to buy Discover Financial…
Read more Regulatory pitfalls abound in Capital One’s bid to buy DiscoverWhat a difference a year makes. Club holding Wells Fargo will post quarterly results on Friday, followed by our other financial holding, Morgan Stanley, on Tuesday. The industry’s…
Read more Wells Fargo kicks off our bank earnings Friday. Rate cuts and dealmaking will be in focus this seasonAlly Financial and Discover Financial Services are among the online banks that have recently lowered the rates they pay on high-yield savings accounts.Bloomberg The war for consumers’ cash…
Read more Even before Fed cuts rates, banks trim what they pay for depositsPersonal loan repayment terms often range between two to five years. However, some lenders offer terms that are longer than that — sometimes as long as 12 years.…
Read more CNBC Select’s best long-term personal loans of 2024Discover Financial Services is looking to AI to help boost its coding and robotic process automation efforts. When implementing robotic process automation (RPA), “you don’t just say, all…
Read more Discover: AI accelerates RPA | Bank Automation NewsCapital One’s deal to purchase Discover has drawn opposition from the National Community Reinvestment Coalition, which has more than 700 member organizations.Angus Mordant/Bloomberg Capital One Financial says it’s…
Read more Capital One seeks community plan on Discover deal, even as some activists balkJamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.…
Read more Jamie Dimon on Capital One’s $35.3 billion Discover acquisition: ‘Let them compete’Institutions approaching mergers and acquisitions must consider how to combine cultures, business models in addition to their tech stacks. Tech stack integration doesnât have to be the most…
Read more FIS leader talks M&A, tech integration | Bank Automation NewsCapital One headquarters in McLean, Virginia on February 20, 2024. Brendan Smialowski | AFP | Getty Images Capital One‘s blockbuster takeover proposal for Discover Financial includes a $1.38…
Read more Capital One’s acquisition has $1.4 billion breakup fee if rival bid emerges, but none if regulators kill dealCapital One CEO and Chairman, Richard Fairbank. Marvin Joseph| The Washington Post | Getty Images Capital One’s recently announced $35.3 billion acquisition of Discover Financial isn’t just about…
Read more Here’s why Capital One is buying Discover in the biggest proposed merger of 2024Under Attorney General Merrick Garland, the Department of Justice has signaled that it will take a tougher approach to bank mergers. But the department’s leadership could change in…
Read more The Capital One-Discover deal raises thorny issues for WashingtonShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email David George, Baird senior research analyst, joins ‘Squawk Box’ to discuss news of Capital One…
Read more Capital One to acquire Discover in $35.3B all-stock deal: Here’s what you need to knowSopa Images | Lightrocket | Getty Images Capital One Financial is set to acquire Discover Financial Services, according to a report from The Wall Street Journal. The deal…
Read more Capital One acquiring Discover Financial Services, report saysDiscover Financial Services invested in its integrated digital banking model, risk management, analytics and compliance initiatives in 2023 and expects to continue those efforts this year. “We’ve dedicated…
Read more Discover to focus on integrated digital banking model in 2024 | Bank Automation NewsCard payments network giant Discover Financial Services has named Michael Rhodes as chief executive and president. He is expected to take the helm of the company by March…
Read more Discover appoints Rhodes as new CEO | Bank Automation NewsHere are the biggest calls on Wall Street on Wednesday: TD Cowen names Liberty Formula One a top pick TD said the motorsports company is a top pick…
Read more Here are Wednesday's biggest analyst calls: Tesla, Walmart, Qualcomm, Deere, Robinhood, Shopify & more
