Discover CEO Michael Rhodes resigns to become Ally’s head
The Riverwoods-based financial services firm said Rhodes was not expected to have a long-term role at the company following its merger with Capital One.
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Capital One executive says investors upbeat about Discover deal
A Capital One Financial Corp. executive said investors have generally been positive about the company’s plans to acquire Discover Financial Services, focusing their questions primarily on the regulatory hurdles ahead...
Capital One prepared to pay more than expected to fix Discover
Capital One predicted the time and expenses needed to fix Discover’s regulatory challenges will be at the high end of what’s expected.
Clear election winner: Corporate push for diversity gets boost from Biden victory
In a twist, companies probably will find themselves more in line with the diversity and inclusion policies of President-elect Joseph Biden than with the departing administration of Donald Trump. Part...