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.
Category: Discover Financial Services
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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.
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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.
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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.
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How Washington May Approach the Capital One-Discover Deal
Regulators have been tough on big financial mergers, though there are nuances in Capital One’s $35.3 billion takeover bid for Discover.
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Capital One Said to Be in Talks to Acquire Discover
The proposed deal would combine two of the largest credit card companies in the United States.