I keep thinking this is a sign of a larger failure coming. The consolidation masks a financial problem at one or both of the companies.
Capital One to buy Discover Financial in $35B stock deal
111–120 of 127 posts
Re: Capital One to buy Discover Financial in $35B stock deal
#112I live in DC and friends who work for Capitol One call it "the Google of the east" because of putative tech savvy and innovation. Can anyone verify this claim?
They do a fair amount of FP/Clojure inside Capital One afaik.
FWIW, the majority of the recently updated repos seem to be Python https://github.com/orgs/capitalone/repositories?type=all
Re: Capital One to buy Discover Financial in $35B stock deal
#113I live in DC and friends who work for Capitol One call it "the Google of the east" because of putative tech savvy and innovation. Can anyone verify this claim?
Do your friends spell it like that?
Either way, funny.
Re: Capital One to buy Discover Financial in $35B stock deal
#114Earlier quoted context omitted.
They’re a bank that likes to pretend they’re a tech company. In some ways, they’re right: they embrace a lot of “hard tech”, are all-in on things like cloud, and definitely value engineering skills which shows through their well-regarded program for new engineers. However at the end of the day, they’re also still a bank and suffer from the same bureaucracy and politics that every other bank does.
The first sentence made it sound like you were gonna go on a desudesudesu.io rant
Want to explain what that means for the uninitiated?
Re: Capital One to buy Discover Financial in $35B stock deal
#115Re: Capital One to buy Discover Financial in $35B stock deal
#116Earlier quoted context omitted.
The logic is, our ancestors and our current laws are there for a reason. And to push aside ursary laws, and their logic without reading in depth the logic as to why, is throwing away valuable, empirically derived, real world research. And sometime the corporate body needs externally deroved guardrails. That said, secured credit cards exist. No one need be given credit, to have a credit card. And secured can lead to u…
I feel like we're talking past each other here. What I'm saying is that it's hard to tell if the usary limits actually provide a benefit to the borrowers. And I'm discussing the topics related to figuring out if they do or don't. And what you appear to be saying is that we need those limits because we've always had those limits, and because limits are good. And that the limits don't limit people because secured credi…
Well I'm also saying that those limits exist because of historical reasons, and those reasons were derived from issues in the past, and we should examine that context, and logic for those laws, before questioning if we need usury laws.
Why? Because they've done a lot of research, and there was lead up, there were issues, that caused those laws to exist. Study that, before we ponder is what I say.
Re: Capital One to buy Discover Financial in $35B stock deal
#117I live in DC and friends who work for Capitol One call it "the Google of the east" because of putative tech savvy and innovation. Can anyone verify this claim?
They do a fair amount of FP/Clojure inside Capital One afaik.
You can also walk into a brand new project there that has business logic crammed into a towering, nested for/if spaghetti monster living forevermore in a spring controller method. True story. It just went into production.
Re: Capital One to buy Discover Financial in $35B stock deal
#118Earlier quoted context omitted.
What's with all these "I asked ChatGPT" comments? I've seen quite a few, and I don't think any of them have added anything to a conversation.
How else would you quickly try to understand complex research topics like: "how much are payment processing fees in north america compared to europe/asia"?
I'd probably type that into a search engine, come across https://en.wikipedia.org/wiki/Interchange_fee, and have all the information I'm looking for.
Re: Capital One to buy Discover Financial in $35B stock deal
#119> The deal, which is expected to receive intense antitrust scrutiny, So... it is highly possible/more than likely it will not go through?
One can hope. The novus network attempts to provide a semblance of competition to AMEX, Visa and Mastercard in the US.
How would that change after this merger?
Re: Capital One to buy Discover Financial in $35B stock deal
#120Earlier quoted context omitted.
Amex treats me far better than Discover.
I second this, but Discover is a very close second. I've been a very happy Amex user for better part of a decade now.
+1 for Amex since 2007
A $60k limit, they never mess me around if I dispute a charge, a neat looking clear plastic card and a cute looking black card for my wife …
2-4% cash back (depending what you buy with it) .. we got a $1900 cash back credit last year
Only downside was their built in travel insurance didn’t cover me rebooking a flight because the first airline gave me a refund when they cancelled at 3am with me and my family staying in a hotel room across the street from the airport for a 6am airport arrival
Yes we got refunded but buying 4 tickets with a new airline the morning of our travel date cost me an additional $1800 over my refund. I guess there is no built in credit card insurance for that circumstance . (Screw you for leaving me stranded JetBlue!)