Dec 6th, 2022

Discover CEO Says Spending on Credit Cards Is Slowing Down

Discover Financial Services Chief Executive Officer Roger Hochschild has seen spending on its cards slow in recent months as consumers deal with inflation running at a 40-year high. He also says it could be harder for some customers to get credit cards. He talks about fintech layoffs and prospects of mergers and acquisitions with Bloomberg's Sonali Basak on the sidelines of Goldman’s US financial-services conference in New York.