credit
New York (AFP) - Capital One's proposed merger with the US credit card specialist Discover has reshuffled the deck in a fast-growing sector in the United States, where cash is gradually disappearing from the landscape. The all-stock deal is worth around $35.3 billion, and is expected to close in late 2024 or early 2025. The deal, which will be subject to antitrust scrutiny, values Discover's shares at a 27 percent premium, and would create a US banking behemoth. Under the terms of the agreement, around 60 percent of the new company will be owned by Capital One's shareholders, with the remaind...
AFP
New York (AFP) - US banking giant Capital One announced Monday it will acquire financial services company Discover in a $35.3 billion all-stock deal combining two of America's major credit card firms. Under the deal, Discover shareholders will receive 1.0192 Capital One shares for each Discover share, a premium of 26.6 percent over Discover's closing price on Friday. Acquisition of Discover will help "build a payments network that can compete with the largest payments networks and payments companies," said Capital One founder and CEO Richard Fairbank in a statement. Once the deal goes through,...
AFP
Washington (AFP) - US banks tightened lending standards in the first few months this year, and expect this to continue over the rest of 2023, said a Federal Reserve survey released on Monday. The report, which is closely watched on Wall Street, comes as the financial sector contends with deposit outflow worries on the back of turmoil after the high-profile collapse of Silicon Valley Bank and Signature Bank in March. In recent weeks, shares of midsized banks suffered brutal trading days while investors remained on edge for a repeat of earlier episodes in which deposit runs precipitated or playe...
AFP
New York (AFP) - Krista Michels can't get enough of the online services that allow American shoppers to pay for everything from Christmas presents to monthly bills without fees, known as "buy now, pay later." "I'm kind of addicted now," said the young mother in Washington state. She first turned to these solutions offered at check-out stores or online to rebuild her credit rating, which was too low to access a traditional credit card. Michels now uses them whenever possible, at the supermarket or to pay her internet bills. Startups like Affirm, AfterPay, Klarna and Sezzle usually allow consum...
AFP
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら