Hacker News new | ask | show | jobs
by seanmccann 4196 days ago
Discover got $1.2 billion. Capital one got $3.6 billion. Both are a small fraction of the $25 billion Wells Fargo and Citigroup got.
1 comments

What's important is the amount of money relative to the size of the institution. Discover and Capital One were a faction of the size of WF + Citi. In 2008, WF had $1.2 Trillion in assets[1], Discover has $78bn today (had trouble hunting down the '08 #).

[1]https://www08.wellsfargomedia.com/downloads/pdf/invest_relat...