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Capital One's chances of getting its $35.3 billion deal for Discover Financial past regulators hinge on the bank showing it can disrupt the close-knit U.S. credit card industry, five experts in...
Capital One's chances of getting its $35.3 billion deal for Discover Financial past regulators hinge on the bank showing it can disrupt the close-knit U.S. credit card industry, five experts in corporate law interviewed by Reuters said. Investors are assigning only a 50% chance to the deal being completed amid concerns the proposed acquisition could become a lightning rod for U.S. regulators and lawmakers fretting over high credit card interest rates and fees. To boost its chances of getting the deal approved, Capital One will have to show it will share some of the deal's $2.7 bill...
William Nygren, Partner and US CIO at Oakmark Funds, shares his expectations for the US banking sector as earnings season gets underway.