David Nelms News
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Discover Financial Services rose after the credit-card lender posted first-quarter profit that beat analysts’ estimates on increased consumer spending.
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Discover Financial Services agreed to buy Citigroup Inc. ’s Student Loan Corp. in a deal valued at $600 million to become the third-biggest U.S. provider of private student loans.
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JPMorgan Chase & Co., Bank of America Corp. and American Express Co. are among credit-card lenders retreating from a $2.4 billion market as regulators seek curbs on deceptive marketing of products including debt cancellation.
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Visa Inc. , the world’s biggest payments network, is to blame for a U.S. Senate proposal that would cap fees merchants pay to accept debit cards, Discover Financial Services Chief Executive Officer David Nelms said.
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Discover Financial Services Chief Executive Officer David Nelms’s 2010 compensation almost doubled from a year earlier, matching the gain posted by shares of the credit-card network last year.
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Discover Financial Services Chief Executive Officer David Nelms , whose company is buying Citigroup Inc.’s education loan unit, said risks in private student lending are overblown and that more growth is ahead.
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Discover Financial Services, the second-best performer among 81 U.S. financial firms this year, fell the most since June after Chief Executive Officer David Nelms said sales tumbled in the wake of superstorm Sandy.
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Discover Financial Services agreed to buy Citigroup Inc. ’s Student Loan Corp. in a deal valued at $600 million to become the third-biggest U.S. provider of private student loans.
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Discover Financial Services Chief Executive Officer David Nelms said he remains “guarded” about how much confidence consumers have in the strength of the U.S. economy as they cope with high fuel prices.
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Discover Financial Services Inc., the sixth-biggest U.S. credit-card lender, posted a fiscal fourth-quarter profit that missed analysts’ estimates as increased expenses outpaced revenue growth.
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