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I was wondering when the questionable corporate consolidation would start kicking off under the Trump administration. Have there been any other mergers in the
by digdugdirk 1y ago
I was wondering when the questionable corporate consolidation would start kicking off under the Trump administration.
Have there been any other mergers in the past few months that slipped under the media radar? I honestly expected there would have been some deals waiting in the wings prior to the election just in case.
- mindslight 1y agoThree major online-first banks was clearly just way too much competition. This merger fixes the situation down to the "token two" where they only have to compete on marketing rather than anything relating to actual features like product offerings, fees, website usability, customer service, etc. Now they can switch to shameless extraction mode like the regional and national brick-and-mortar banks.
- lxgr 1y agoWhich one is the other one?
- mindslight 1y agoAlly. There's also Alliant Credit Union which I left out because I think their website/app usability is abjectly atrocious (and my statement was still technically correct because CU). Admittedly I haven't kept up with new options in the past few years, but my main goal is stability for not having to redo all the setup so new startupy options are kind of inherently uninteresting.
- xyst 1y ago"Questionable corporate consolidation" has been happening for decades. I do agree it will accelerate under this current orange administration. Anti-trust laws have been watered down so much or not applied. This is all because of pseudoscience from neoclassical/neoliberal/reaganomics economic theory
- gruez 1y ago>This is all because of pseudoscience from neoclassical/neoliberal/reaganomics economic theory What's the Real Science™ then?
- RunningDroid 1y ago> What's the Real Science™ then? Monopolies and intense corporate consolidation are bad for everyone except shareholders and CEOs?