Capital One buying Discover is a big deal.
— Amanda Orson (@amandaorson) February 19, 2024
First thoughts:
1. This is going to hurt Mastercard (their big 3 are Citi, BoA, Cap One iirc). For a long time that relationship was so close they shared a building on 5th Avenue.
2. Discover is a 3-party network. Meaning: their…
Insightful stablecoin guidance going forward from Cornerstone
https://www.crnrstone.com/gonzobanker/stablecoins-what-community-banks-need-to-know-and-do-now?utm_campaign=40539196-Gon...