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Capital One to buy Discover Financial in $35B stock deal

BankInovation

Capital One Financial Corp. McLean, Virginia-based Capital One will pay 1.0192 of its own shares for each Discover share, a 26.6% agreed to buy credit-card lender Discover Financial Services in a $35 billion all-stock deal to create the largest US credit card company by loan volume. premium to the closing price on Feb.

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Capital One comes on top for customer satisfaction for second consecutive year

Banking Exchange

Virginia-based bank surpassed industry average score, but four US banks fall short Retail Banking Feature Feature3 Customers Community Banking.

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Retail Pulse: Walgreens To Test Drone Deliveries; Walmart To Relaunch Scoop

PYMNTS

Retailers are testing drone delivery to grow their omnichannel offerings and provide “store to door” on-demand service to their customers. Walgreens , in one case, plans to pilot drone deliveries in Christiansburg, Virginia starting in October by partnering with Wing, a member of the Alphabet family of companies.

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Ascena Receives Court Approval To Sell Ann Taylor Brand, Other Labels

PYMNTS

Ascena Retail Group Inc. The arrangement would keep the company as a going concern with a minimum of 900 retail locations, the newspaper reported. Judge Kevin Huennekens from Richmond, Virginia’s U.S. 8) he would give the go-ahead to the sale of most of the retail group’s leftover property to Sycamore Partners.

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Ascena Files For Chapter 11 Bankruptcy, Plans Store Closures

PYMNTS

Ascena Retail Group, Inc. has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia. Ascena is currently running with roughly 95 percent of its store base opened again, helping shoppers via retail locations as well as online stores.

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Retail Pulse: CVS, UPS Test Drone Potential; Birchbox Grows Walgreens Partnership

PYMNTS

Brick-and-mortar retailers are teaming with logistics firms to test drones for delivery — and making progress on their experimental flights. The city was chosen as the test market because Wing already had a relationship with Virginia Tech, which is in nearby Blacksburg, to test the delivery drones in the U.S.

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Walgreens And Wing Team Up For Drone Delivery

PYMNTS

Pharmacy retail giant Walgreens and Alphabet-owned drone company Wing have teamed up on a pilot program to deliver products to the doors of customers, according to a Sept. Walgreens continues to explore partnerships to transform and modernize our customer experience and we are proud to be the first retailer in the U.S. 19 release. .

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