Reported about 22 hours ago
After a 15-month process, Capital One Financial Corp has successfully acquired Discover Financial Services, establishing itself as the largest credit card issuer in the United States by loan volume. With this acquisition, Capital One aims to enhance its share of consumer spending through Discover’s payment network, despite previous regulatory hurdles and challenges from Congressional Democrats. The deal received approval under the Biden administration with conditions, and Capital One is in the process of expanding its board to manage the integration.
Source: YAHOO