Reported about 21 hours ago
US banking regulators have approved Capital One's $35.3 billion acquisition of Discover Financial Services, creating the eighth-largest bank in the country. This merger is expected to enhance competition in the payment processing sector by offering a more extensive range of products and services. However, the approval comes with conditions, including a $100 million fine for Discover over fee overcharges, and plans for corrective actions to address previous enforcement issues.
Source: YAHOO