Reported about 23 hours ago
Capital One's $35 billion acquisition of Discover has received essential regulatory approvals from the Federal Reserve and the OCC, preparing the way for the largest credit card company in the US. The regulators concluded that the merger would not harm competition or the financial system, and both banks are now set to unite their operations by May 18, 2025, with Capital One gaining over 300 million cardholders in the process.
Source: YAHOO