Podknife - Background on that Capital One-Discover deal by Marketplace Morning Report

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Background on that Capital One-Discover deal

Podcast |: Marketplace Morning Report
Publisher |: Marketplace
Media Type |: audio
Podknife tags |: Business,; Economics,; News & Politics,; Society & Culture
Categories Via RSS |: Business,; News
Publication Date |: Feb 20, 2024
Episode Duration |: 00:08:13

Once upon a time, Sears department stores were everywhere. A subsidiary of Sears launched the Discover card in 1986. It wasn’t unusual for department stores to offer their own credits cards, but the Discover card was accepted by other merchants. Today, we’ll hear a brief primer on the history that predated the recently announced Capital One-Discover purchase. Plus, China slashes mortgage rates, and northeastern Spain faces tough water restrictions.

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