News & Events zu Discover Financial Services (DFS)DFSDiscover Financial Services

Oportun Appoints Bill Franklin as CFO

Oportun (OPRT) announced that Bill Franklin has joined the company as CFO, effective immediately. Franklin will lead Oportun's finance organization and partner with the executive leadership team to advance the company's financial strategy, operating discipline, and long-term value creation. At Discover (DFS), he served as senior VP and CFO of consumer banking overseeing financial planning and analysis for Discover's consumer lending and deposit businesses, including personal loans.

Capital One CEO says Discover 'unique,' not planning to buy 'lots of banks'

Capital One CEO Richard Fairbank said while presenting at the Morgan Stanley US Financials Conference: "You know it's interesting and it's ironic to say what I'm going to say when we're celebrating closing the biggest bank deal since the global financial crisis, but Capital One is really not on a quest to go out and buy lots of banks. The way most banks grow is to buy other banks. We had a period in our life where we bought banks because we wanted to the balance sheet of Capital One away from capital markets funding to FDIC insured deposits, but that was, that phase is over. And the Discover acquisition really is a unique opportunity for us to continue in what I would much more describe as an organic growth path."

Coinbase to replace Discover in S&P 500 at open on 5/19

Capital One Financial (COF) is acquiring Discover Financial Services (DFS) in a deal expected to be completed soon, pending final closing conditions.