Banks raise costs in response to CFPB rule
A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Robert Nickelsberg | Getty Images Banks that issue credit …
Discover Financial Services
DOJ accuses Visa of monopoly that impacts price of ‘nearly everything’
Justin 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 by imposing …
5 key things we’re watching closely in the stock market this week
Wall Street managed to finish higher this week despite Thursday’s brutal rotation out of tech stocks. The Dow Jones Industrial Average was the big winner on the week — advancing …
Wells Fargo kicks off our bank earnings Friday. Rate cuts and dealmaking will be in focus this season
What 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 first-quarter results …
Disney gets a win in Nelson Peltz board fight. 2 other portfolio stocks mount comebacks
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re …
Jamie Dimon on Capital One-Discover deal: ‘Let them compete’
JPMorgan Chase CEO Jamie Dimon isn’t worried about the added competition from a bulked-up Capital One if its $35.3 billion takeover of Discover Financial gets approved. “My view is, let …
Capital One Discover acquisition has $1.4 billion breakup fee for another buyer
Capital 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 billion breakup …
Why Capital One is buying Discover in the biggest merger yet of 2024
Capital 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 getting bigger …
Capital One acquiring Discover Financial Services, report says
Sopa 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 could be …
As the market enters correction territory, don’t blame the US consumer
An Amazon.com Inc worker prepares an order in which the buyer asked for an item to be gift wrapped at a fulfillment center in Shakopee, Minnesota, U.S., November 12, 2020. …