Capital One Discover Merger Dips Bank Profits

Capital One's Discover merger just cost the banking sector nearly $700 million in profits! Find out how this massive deal triggered a one-time accounting rule that slashed overall bank earnings despite positive trends in deposits and loan growth. We'll also cover the concerning areas regulators are watching closely, including commercial real estate and credit card delinquencies. Hosted on Acast. See acast.com/privacy for more information.