Category: Banking
Close the Wealth Gap? Avoid the Savings Account trap
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For generations, the “American Dream” came with a standard operating manual for your money: Work hard, spend less than you earn, and put the difference in a safe, FDIC-insured bank account. We were taught that the savings account was the foundation of financial health—the responsible adult’s safety net. I am…
Capital One to Acquire Discover Financial in a Landmark $35.3 Billion Deal: What It Means for the Economy and Your Wallet
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The financial landscape is poised for a shakeup with the news of Capital One’s planned acquisition of Discover Financial in an all-stock deal valued at a staggering $35.3 billion. This megadeal, if approved by regulators, would create a combined entity with over $400 billion in assets, making it the fourth-largest…