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by spuiszis 4191 days ago
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...