What the hell is going on https://www.wsj.com/finance/capital-one-is-buying-discover-financial-sources-say-a7c43dd2
So….is this really happening? What are folks inside Cap One saying?
That it makes no sense we can afford this, you guys are half our market cap
We just appointed a new CEO as well…and we haven’t sold the student loan business. If true, the timing is odd.
WHY?
They’re considering it, so not a sure thing yet and would still have to pass government regulators. https://www.bloomberg.com/news/articles/2024-02-19/capital-one-is-said-to-explore-acquisition-of-discover-financial
That’s true but seems like they will try at least, which makes no sense