Capital One has received approval from banking regulators for its $35 billion acquisition of Discover Financial, a move analysts believe could have broader implications for the financial sector. […]
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China Keeps Lending Rates Steady Amid Trade War Tensions
China has maintained its key lending rates steady in an effort to support the yuan, despite macroeconomic data remaining strong. This decision comes as trade war tensions continue […]
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Capital One Approved to Acquire Discover for $35B
The merger between Capital One and Discover Financial Services has been approved by key regulators, moving the $35 billion deal closer to completion. The Federal Reserve and the […]
Banks
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Capital One and Discover Deal Approved by US Bank Regulators
The merger between Capital One and Discover has been approved by U.S. bank regulators, including the Federal Reserve and the Office of the Comptroller of the Currency. This […]
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Kevin Warsh: The Potential Next Federal Reserve Chair
Former Federal Reserve governor Kevin Warsh is reportedly under consideration by former President Donald Trump to replace Jerome Powell as the Chair of the Federal Reserve. Trump has […]
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Supreme Court Decision May Impact Fed Independence
A potential decision by the Supreme Court could significantly affect the independence of the Federal Reserve. This development raises concerns about how monetary policy might be influenced by […]
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Trump Administration Plans to Reduce CFPB Workforce by 90 Percent
The Trump administration is reportedly planning to reduce the Consumer Financial Protection Bureau (CFPB) workforce by nearly 90 percent as part of its efforts to downsize the agency. […]
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FIS Strikes Deal to Sell Worldpay to Global Payments
FIS has reached a significant agreement to sell Worldpay to Global Payments, marking a major success for Stephanie Ferris, often referred to as the most powerful woman in […]
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Global Payments Acquires Worldpay in $24.3 Billion Deal, Boosting M&A Activity
Global Payments Inc. finalized a $24.3 billion acquisition of Worldpay, acquiring stakes held by Fidelity National Information Services (FIS) and private equity firm GTCR LLC. This deal marks […]
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Worldpay’s $24.3 Billion Sale Breaks Wall St’s M&A Logjam
The acquisition of Worldpay for $24.3 billion has reinvigorated the mergers and acquisitions (M&A) market, which had been sluggish due to trade policy uncertainties under President Trump. Global […]