-Carlyle and KKR & Co won an auction for a $10 billion student loan book from Discover Financial, the Financial Times reported on Wednesday, citing people familiar with the matter.
Last November, Discover Financial said it was exploring the sale of its student loan portfolio, stating that a potential sale would see the servicing of these loans transferred to a third party.Earlier this year, Warren Buffett-backed U.S. consumer bank Capital One said it would acquire Discover Financial for $35.3 billion in an all-stock deal.
The S&P 500 could crater 48% when the stock-market bubble pops and recession finally hits, elite strategist says Traders have poured $5 billion into leveraged Nvidia ETFs. They're up 425% even after the stock's big wipeout.
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