The financial world got a jolt on Feb. 19 when Capital One Financial announced plans to buy credit card giant Discover Financial in a $35.3 billion all-stock deal. Beyond the buyout's expected impact.
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The Charlotte, North Carolina, company has agreed to sell its remaining 80% stake in its insurance brokerage unit to raise billions of dollars in cash and extra capital. The "wild card" is how Truist will deploy them, one analyst says.
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