Discover is now part of Capital One
discover.com
Discover is now part of Capital One
1–10 of 94 posts
Re: Discover is now part of Capital One
#2[flagged]
Re: Discover is now part of Capital One
#3I was wondering when the questionable corporate consolidation would start kicking off under the Trump administration.
Have there been any other mergers in the past few months that slipped under the media radar? I honestly expected there would have been some deals waiting in the wings prior to the election just in case.
Re: Discover is now part of Capital One
#4[flagged]
Our regulatory bodies at this point are simply a fig-leaf, a performance of accountability for too-big-to-fail corporations. Oh sure they hand out a fine here or there. Nothing substantial, certainly nothing that will change the behavior of business.
America is a gerontocracy giving birth to a corporatocracy.
Re: Discover is now part of Capital One
#5[flagged]
“NOTICE: The FTC website is currently unavailable. Thank you for your patience while we work to restore service.”
oops, even the government is susceptible to the hug of death
Re: Discover is now part of Capital One
#6I know nothing.
But this is an interesting acquisition. Capital One strikes me as a pretty well run org.
Why would they want Discover, who notoriously targets the low end of credit card custom? My guess is that this gives them the ability to increase margins by owning the entire payment layer all the way through distribution. If they slash the fees charged to merchants, this could make them quite a powerhouse.
Re: Discover is now part of Capital One
#7Well, that kinds sucks.
Re: Discover is now part of Capital One
#8I know nothing. But this is an interesting acquisition. Capital One strikes me as a pretty well run org. Why would they want Discover, who notoriously targets the low end of credit card custom? My guess is that this gives them the ability to increase margins by owning the entire payment layer all the way through distribution. If they slash the fees charged to merchants, this could make them quite a powerhouse.
Competing with VISA and the others is their goal here.
Re: Discover is now part of Capital One
#9Re: Discover is now part of Capital One
#10I was wondering when the questionable corporate consolidation would start kicking off under the Trump administration. Have there been any other mergers in the past few months that slipped under the media radar? I honestly expected there would have been some deals waiting in the wings prior to the election just in case.
Three major online-first banks was clearly just way too much competition. This merger fixes the situation down to the "token two" where they only have to compete on marketing rather than anything relating to actual features like product offerings, fees, website usability, customer service, etc. Now they can switch to shameless extraction mode like the regional and national brick-and-mortar banks.