Capital One’s purchase of Discover would triple its Treasury holdings
Record UST boost would propel combined company past six US lenders
Capital One is set to become the 10th largest holder of US Treasuries among US banks following its purchase of fellow credit card issuer Discover Financial, Risk Quantum analysis has found.
A review of the latest available figures show that the Virginia-based lender held $5.3 billion of US Treasuries at the end of last year, compared with Discover’s $12.9 billion. On a pro forma basis, the
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