“No matter your business, you cannot stay still for any length of time or your competitors will scratch and claw all over you.” Those are the words of Home Depot co-founder Arthur Blank.Blank’s admonition about the horrors of stasis is a crucial reminder to those in government trying to restrain the evolution of commerce today. Specifically, the remarkably prosperous present is already the past in a business sense. As you’re enjoying all manner of goods and services that past generations would have marveled ...

“‘When we had the internet bubble the first time around … that was hype. This is not hype. It’s real’”That’s JPMorgan Chase & Co. Chief Executive Jamie Dimon on artificial intelligence and its prospects for real change.Dimon told CNBC-TV on Monday at an interview in Miami at JPMorgan Chase’s JPM, -0.34% Global High Yield & Leveraged Finance Conference that compared to the internet bubble of the late 1990s, AI offers more substantial prospects.Dimon said he’s a “big optimist” for artificial intelligence and ...

Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.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 them compete," Dimon said. "Let them try, and if we think it's unfair we'll complain about that."Dimon, speaking to CNBC's Leslie Picker from a Miami con ...

On Feb. 19, Capital One (COF 0.71%) announced it would acquire Discover Financial Services (DFS 1.37%) in an all-stock transaction valued at over $35 billion. The move could make Capital One the largest credit card issuer in the U.S. and create greater competition for Visa (V -0.05%) and Mastercard (MA 0.39%), whose stocks fell following the news announcement. Here's what it could mean for investors in those companies.Capital One could become the largest card issuer in the U.S.Capital One provides its custo ...

Capital One is plowing forward with plans to purchase Discover Financial, but the proposed acquisition is expected to face major pushback from regulators – and whether it actually goes through could depend on who wins the presidential election. Before the ink had time to dry on the press release announcing the merger of two of America's largest credit card companies, some lawmakers and consumer groups called for regulators to quash it over antitrust concerns. Ticker Security Last Change Change % COF CAPITAL ...

Capital One is plowing forward with plans to purchase Discover Financial, but the proposed acquisition is expected to face major pushback from regulators – and whether it actually goes through could depend on who wins the presidential election. Before the ink had time to dry on the press release announcing the merger of two of America's largest credit card companies, some lawmakers and consumer groups called for regulators to quash it over antitrust concerns. Ticker Security Last Change Change % COF CAPITAL ...

Capital One's blockbuster takeover proposal for Discover Financial includes a $1.38 billion breakup fee if Discover decides to go with another buyer, but no such fee if U.S. regulators kill the deal, people with knowledge of the matter told CNBC.Capital One said late Monday it had an agreement to purchase rival credit card player Discover in an all-stock transaction valued at $35.3 billion.While Discover can't actively solicit alternative offers, it can entertain proposals from other deep-pocketed bidders b ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________ FORM 10-K ___________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-13300 ____________________________________ CAPITAL ONE FINANCIAL CORPORATI ...

Capital One Financial Corp. agreed to buy Discover Financial Services in a $35 billion all-stock ... [+] deal to create the largest US credit card company by loan volume.© 2024 Bloomberg Finance LPThis week’s announcement that Capital One COF plans to acquire Discover caused much debate about what this potential union could mean for consumers. This is a very important issue that needs to be explored carefully. I hope that these financial institutions do not rush into a marriage; instead, they need a long en ...

Key PointsCapital One proposed a $35.3 billion all-cash acquisition of Discover Financial Services, potentially reshaping the credit card industry.Discover's third-party network combined with Capital One's banking status opens up product opportunities akin to American Express.Capital One CEO plans to gradually transfer Capital One's debit cards from Mastercard's network to Discover's.5 stocks we like better than Capital One FinancialWhat’s in your wallet? In the not-so-distant future, it might be a card iss ...