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Last month's announcement that Capital One Financial will acquire Discover Financial for $35.3 billion was major news in the banking industry because it represents the biggest-ever deal in the ...
Discover Financial is an American financial services company that offers credit cards, loans, banking and payment systems. Learn about its origins as a Sears subsidiary, its spin-off from Morgan Stanley, its acquisitions of Pulse and Diners Club, and its planned merger with Capital One.
Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's credit card companies as well as potentially shake up ...
NEW YORK/WASHINGTON (Reuters) -Warren Buffett-backed U.S. consumer bank Capital One plans to acquire U.S. credit card issuer Discover Financial Services in an all-stock transaction valued at $35.3 ...
Discover Card is a credit card brand issued by Discover Financial Services, formerly a subsidiary of Sears. It was launched in 1985 with no annual fee, high credit limit and cashback bonus, and is accepted in 185 countries.
Learn about the history and operations of Diners Club International, the first independent payment card company in the world, founded in 1950 by Frank McNamara and others. Find out how it became a subsidiary of Discover Financial Services and how it operates in different countries.
Capital One Financial is set to acquire Discover Financial Services in a $35.3 billion all-stock deal.. Under the agreement, Discover shareholders would receive 1.0192 Capital One shares for each ...
David Nelms was the Chief Executive Officer of Discover Financial from 2004 – September 30, 2018. Nelms was named chairman of the board in 2009 and as of October 1, 2018, was the Executive Chair of the board of directors. [2] [3] He joined Discover as president and COO in 1998. [3] From 1991-1998, Nelms served as an executive for MBNA.