The tie-up would make Capital One the sixth-largest U.S. bank by assets and a stronger competitor to giant institutions in the credit-card business. The combined company would be the third largest credit card issuer by purchase volume after JPMorgan Chase and American Express.
Combining could also make it easier to shoulder increasing regulatory burdens, including the tougher capital requirements that the Federal Reserve last year proposed for banks with more than $100 billion in assets. Bigger government drives businesses to get bigger, not that progressives will admit it.
Denne historien er fra February 22, 2024-utgaven av Mint Mumbai.
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Denne historien er fra February 22, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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