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Discover Financial Services is an American financial services company that owns and operates Discover Bank, an online bank that offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards.
Most cards with the Discover brand are issued by Discover Bank, formerly the Greenwood Trust Company. Discover transactions are processed through the Discover Network payment network. In 2005, Discover Financial Services acquired Pulse, an electronic funds transfer network, allowing it to market and issue debit and ATM cards. In February 2006, Discover Financial Services announced that it ...
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.
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Capital One is a financial corporation offering banking services, credit cards, and loans with a focus on technology and innovation.
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List of largest banks in the United States The following table lists the 100 largest bank holding companies in the United States ranked by total assets of March 31, 2024 per the Federal Financial Institutions Examination Council; their market capitalization is also shown.
Americans have become increasingly reliant on their credit cards since the pandemic. Capital One Financial announced Monday that it would buy Discover Financial Services for $35 billion. For ...