Banks
Here’s how much Capital One would be worth post-Discover deal, according to one Wall Street firm
How much would Capital One’s stock be worth if it completes its blockbuster merger of Discover Financial Services ? The answer, according to one Wall Street firm, is a whole lot more. The news In a Tuesday note, BTIG analysts said they believe shares of Capital One would be worth $427 apiece if the Discover […]
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Affirm announces JPMorgan Chase merchants can soon offer installment loans at checkout
Max Levchin, co-founder of PayPal and Affirm David Paul Morris | Bloomberg | Getty Images Fintech lender Affirm said Tuesday that it’s reached an agreement with JPMorgan Chase to offer its buy now, pay later loan services to merchants on the bank’s payments network. U.S. merchants who use JPMorgan to handle payments can soon add […]
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Wells Fargo’s strong rebound rally continues. How we’re playing the move higher
Wells Fargo shares rose again Monday amid fresh Wall Street research and a broader market gain. It is tempting to take profits on the Club stock, which has mounted a 10% rally since its lowest close of 2025 on March 10. However, Jim Cramer advised investors to hold on for a little longer. The analysts’ […]
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Santander says 750 jobs at risk as it pursues UK branch closures
Key Points The British unit of Spanish lender Santander on Wednesday said 750 of its staff were at risk of redundancy as it targets 95 branch closures in the U.K. Source
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Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm
Key Points Swedish fintech firm Klarna will be the exclusive provider of buy now, pay later loans for Walmart, taking a coveted partnership away from rival Affirm, CNBC has learned. Klarna, which disclosed its intention to go public in the U.S., will provide loans to Walmart customers in stores and online through the retailer’s majority-owned […]
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New York AG announces bill to protect consumers from scams after Trump hobbles CFPB
Key Points New York Attorney General Letitia James on Thursday announced a bill to protect the state’s consumers and small businesses from scams and deceptive practices from lenders, debt collectors and health care firms. James said in a release that the legislation would bolster the state’s existing consumer protection law — which dates from 1970 […]
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India’s IndusInd Bank shares plunge 27%, major shareholder urges calm
Ashok Hinduja, chairman of IndusInd International Holdings. Chandan Khanna | AFP | Getty Images The chairman of IndusInd Bank’s founding company sought to reassure investors after shares plunged over 27% on Tuesday. Ashok Hinduja, chairman of IndusInd International Holdings (IIHL), told CNBC-TV18 that the sharp fall in the bank’s share price hadn’t triggered a margin […]
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Fintech stocks plummet as Wall Street worries about consumer spending, credit
People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an initial public offering earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images It was a bad day for tech stocks, and a […]
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Here’s why banks don’t want the CFPB to disappear
Key Points For years, American financial companies have fought the Consumer Financial Protection Bureau in the courts and media. Now, with the CFPB on life support after the Trump administration issued a stop-work order and shuttered its headquarters, the agency finds itself with an unlikely ally: the same banks that reliably complained about its rules […]
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Trump Organization sues Capital One bank over account closures after Jan. 6 Capitol riot
U.S. President Donald Trump speaks with members of the media on the South Lawn before boarding Marine One at the White House, in Washington, D.C., U.S., Feb. 28, 2025. Nathan Howard | Reuters The Trump Organization sued Capital One in Florida on Friday for allegedly “unjustifiably” closing more than 300 of the company’s bank accounts […]
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