Discover Financial Services

Capital One and Discover Can Merge, Regulators Say

Two regulators signed off on the $35 billion deal, which the banks say will create a competitor to Visa and Mastercard. But consumer advocates warn that the deal may raise costs.

By Danielle Kaye

Banking and Financial Institutions Capital One Financial Corporation Credit Cards Discover Financial Services Mergers, Acquisitions and Divestitures Prices (Fares, Fees and Rates) Regulation and Deregulation of Industry

Capital One Deal for Discover Clears Justice Dept. Hurdle

The department, during the Biden administration, initially said it had concerns about the merger of two of the largest credit card companies in the U.S.

By Lauren Hirsch and Danielle Kaye

Antitrust Laws and Competition Issues Bessent, Scott Clayton, Walter J Cohn, Gary D Discover Financial Services Google Inc internal-storyline-no Justice Department Lutnick, Howard W McIlroy, Rory McMahon, Linda E Mergers, Acquisitions and Divestitures Presidential Election of 2024 Treasury Department Trump, Donald J United States Politics and Government

The Big Names Angling for Roles in Trump’s Cabinet

Lobbyists are trying to connect executives with the Trump transition team, and some familiar names are in the mix for top jobs.

By Andrew Ross Sorkin Ravi Mattu Bernhard Warner Sarah Kessler

Antitrust Laws and Competition Issues Banking and Financial Institutions Capital One Financial Corporation Credit Cards Discover Financial Services Fairbank, Richard D Mergers, Acquisitions and Divestitures Regulation and Deregulation of Industry

Capital One Discover Deal: What to Know

Before two of the largest credit card companies in the United States can complete a $35 billion deal, they’ll face an uphill battle with regulators.

By Santul Nerkar and Emily Flitter