Stock Market News

Discover sells student loan portfolio for up to $10.8 billion

07/17/2024

Less than a minute

2024.07.17 08:40

Discover Financial Services (NYSE:) said on Wednesday it had sold a private student loan portfolio for up to $10.8 billion to private equity firms Carlyle and KKR.

© Reuters. FILE PHOTO: A student attends a graduation ceremony in Los Angeles, California. REUTERS/Jonathan Alcorn/File Photo

The company, which had been weighing a sale of the portfolio since November last year, is one of a handful of lenders that have exited the space in recent years.

The deal is expected to be completed by the end of 2024, Discover said.

07/17/2024

Less than a minute

Bitcoin (BTC) $ 93,619.08 1.70%

Ethereum (ETH) $ 3,291.59 0.05%

Tether (USDT) $ 0.997594 0.01%

XRP (XRP) $ 2.15 3.03%

BNB (BNB) $ 673.68 3.13%

Solana (SOL) $ 183.30 1.64%

Dogecoin (DOGE) $ 0.306148 1.68%

USDC (USDC) $ 0.998965 0.04%

Lido Staked Ether (STETH) $ 3,280.65 0.28%

Cardano (ADA) $ 0.868171 1.68%

TRON (TRX) $ 0.247617 1.15%

Avalanche (AVAX) $ 35.82 2.97%

Chainlink (LINK) $ 22.26 2.17%

Wrapped stETH (WSTETH) $ 3,915.99 0.35%

the-open-network

Toncoin (TON) $ 5.38 0.37%

Shiba Inu (SHIB) $ 0.000021 0.76%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 93,403.03 1.79%

Sui (SUI) $ 4.15 2.01%

Stellar (XLM) $ 0.349133 1.65%

Polkadot (DOT) $ 6.88 0.10%

hedera-hashgraph

Hedera (HBAR) $ 0.262607 1.97%

WETH (WETH) $ 3,292.35 0.05%

LEO Token (LEO) $ 9.34 0.10%

Bitcoin Cash (BCH) $ 434.84 1.91%

Hyperliquid (HYPE) $ 25.61 18.78%

Uniswap (UNI) $ 13.30 3.19%

Litecoin (LTC) $ 99.93 0.34%

Pepe (PEPE) $ 0.000017 1.11%

Wrapped eETH (WEETH) $ 3,478.66 0.02%

NEAR Protocol (NEAR) $ 5.03 0.31%

Ethena USDe (USDE) $ 0.99685 0.15%

Bitget Token (BGB) $ 4.03 2.10%

USDS (USDS) $ 1.00 0.53%

Aptos (APT) $ 9.06 1.74%

Aave (AAVE) $ 330.30 11.60%

internet-computer

Internet Computer (ICP) $ 9.96 1.11%

crypto-com-chain

Cronos (CRO) $ 0.1516 2.80%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.470308 0.83%

Mantle (MNT) $ 1.16 0.29%

Ethereum Classic (ETC) $ 25.96 0.60%

VeChain (VET) $ 0.045208 0.08%

Render (RENDER) $ 7.00 0.89%

WhiteBIT Coin (WBT) $ 24.34 0.27%

Monero (XMR) $ 189.18 1.34%

Dai (DAI) $ 0.999123 0.04%

MANTRA (OM) $ 3.49 4.17%

Artificial Superintelligence Alliance (FET) $ 1.26 0.77%

Bittensor (TAO) $ 443.72 2.05%

Arbitrum (ARB) $ 0.752346 1.39%

Filecoin (FIL) $ 4.87 0.60%