Why Capital One's $35 Billion Discover Deal Makes Sense
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- Опубліковано 19 лют 2024
- Christina Mohr, managing director and vice chair of global M&A at Citi, weighs in on Capital One's move to buy Discover Financial Services and explains why "synergies" are key to a deal that gives the combined entity a stronger foothold to compete with Wall Street’s biggest lenders. Christina speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
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All smoke and double speak. Bottom line is that Discover employees need to start looking for a new job.
Banking is cut throat. I hope Capital One doesn't screw over existing Discover cardholders
I have a Discover card. I will now have to close the account when capital one takes over. Paypal, Discover, American Express and Chase Bank are better company's to deal with. Except now I will have to get rid of my Discover card account. capital one only cares about capital one, they are NOT customer friendly.
@@dougfredricks2017they will lol
@@crazykenbei L😀L
Maybe it makes sense for them, but not for me😒 I’ve been loyal to Discover since I was little mainly because they still the only card that you can talk to humans right away in case of emergency. Capital One WILL ruin Discover 😒
Ikr 😢
I agree capital one is terrible…
Agreed 💯 Discover had a solid company and their credit cards and savings accounts I liked...plus their customer service like you said... crazy it's reached this point
Absolutely!!!
I think many of us are in the same boat on this. And leave it to the talking heads here to think it makes sense; definitely have an "inside the bubble" mentality. Smh
I will close my discover card. lol
thank GOD
If it is your oldest card, which for many people Discover is their oldest card, I would not as that will hurt your credit score
@@shzwon123I doubt the person even has a credit card lol
No worries they still have ur data.
@@shzwon123 No it won't. It will stay on your credit report for 10 years as a closed account. Your credit score may drop a little, it will go back up in a few months. Credit Age is not that big of a Factor. Pay your bills. That is the main thing and have a good mixture of credit cards. I have a credit score of 793 and I have 7 closed accounts. Sure my score could be a few points higher, but I will eventually have my score above 800.
Capital One only has call centers in the Philippines. By merging Discover can fire US call center employees and send their jobs overseas.
Who cares cheaper is better.
I believe they do have US customer service if you have a Venture X.
@@michaelhorgan9525 You pay $395 a year to get less rewards than what Discover gives you for free? Pretty standard logic for the subprime base Capone caters to.
Capital one, cares about capital one, they don't care about the customer and how you want to grow your credit.
For who though? Definitely not for its customers. @@robertlee6338
massive layoffs + fees hike
This merger has only one impact and only impact is stock price, the shareholder. No benefit at all for discover. The title of this type video is full of bias & misleading and bad intention, guiding people to think that it is a good thing which is not.
Massive for Discover employees with vesting share incentives
The only legitimate reason for a merger is if a company has something unique and is seeking to merger to gain more capital to spread its product OR if the two entities are legitimately struggling for a second chance. Neither company is particularly unique or struggling. This merger is out of pure greed.
Let's hope for the best.
I really hope this is a good change for Discovery because Capital One is very particular and strict with how they do things like credit limit,with customers…
A win-win for both companies
I have always loved Discover and this merger worries me a lot.
Basically discover cardmembers, employees, etc are screwed
Monopoly
Exactly.
Capitol One is the worst CC company imho. Their whole "bucketing" system is garbage. And the fact that its Discover they want to acquire - my favorite CC in MY wallet - is even worse. I truly hope this deal falls apart somehow. 🤞
I researched economics in college
The employees are going to pay the biggest price discover only cares about money. So many discover employees are shocked and scared. In the conference today the ceo said thanks for your support and went in circles and didn’t addressed what will happen at the end of the year to the employees jobs!! Just thank you and basically we are sorry. Lay offs in masses 😢🤬😡 interest and everything will go up for card holders on both side. I pray the deal gets blocked for the employees sake and for the card holders sake!