In a landmark deal, Capital One has successfully acquired Discover Financial Services for $35.5 billion. CEO Richard D. Fairbank states this merger will redefine banking for millions. What does this mean for customers?
UBS is striving to limit its investment bank's size and hold more capital to appease regulators after acquiring Credit Suisse. With potential caps on its investment division, UBS aims to avoid excessive capital demands that could threaten its market position.
Last year, a Citigroup employee mistakenly initiated a transfer of $81 trillion, making a customer the wealthiest person ever—if only it had gone through! Discover the shocking details of this near miss and the bank's response.
