Capital One card losses jump after Discover deal
Capital One’s projected credit card losses jumped in its first Federal Reserve stress test since acquiring Discover, highlighting the enlarged lender’s heavier exposure to unsecured consumer credit.
Projected credit card losses at the bank reached $55.7 billion under the severely adverse scenario in the 2026 Dodd-Frank Act stress test (DFAST), up $20.7 billion, or 59%, from last year’s exercise
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