Coverage dated February 18, 2024 to February 20, 2024
Capital One-Discover Merger Could Shake Up Credit Card Market, Dethrone JPMorgan
Headline from Investopedia, on the newest of 2 developments
The $35.3 billion tie-up of Capital One and Discover Financial, if completed, could remove JPMorgan Chase from its perch as the top credit card lender in U.S., while placing more competitive pressure on Visa and Mastercard.
Investopedia's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Developments in this update
2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.
Capital One to buy Discover for $35 billion in deal that combines major US credit card companies
Headline from WDIO Duluth ·
Newest
Capital One-Discover Merger Could Shake Up Credit Card Market, Dethrone JPMorgan
Capital One is planning to buy Discover Financial Services that would bring the two large credit card issuers and lenders together, according to a report by the Wall Street Journal.
Capital One, an online consumer bank and credit card issuer backed by investor Warren Buffett, is considering a potential acquisition of credit card lender Discover Financial Services, a person familiar with the matter said.
“This marketplace that’s dominated by the big players is going to shrink a little bit more now,” said Matt Schulz, chief credit card analyst at LendingTree.
Capital One's acquisition of Discover for $35.3 billion will have a major impact on consumer and financial services once the deal is finalized. Here's what you need to know.
Capital One Financial is buying Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s biggest lenders and credit card issuers.
US banking giant Capital One announced Monday it will acquire financial services company Discover in a $35.3 billion all-stock deal combining two of America's major credit card firms.
Capital One Financial Corp. agreed to buy credit-card lender Discover Financial Services in a $35-billion all-stock deal to create the largest U.S. credit card company by loan volume.
Capital One announced it’s acquiring Discover Financial Services for $35.3 billion in an all-stock deal, giving the bank a leg up in the competitive credit card market.
Capital One will acquire Discover, according to a press release, which notes that those holding Discover shares will receive shares of Capital One stock. "Our acquisition of Discover is a singular opportunity to bring together two very successful companies with complementary capabilities and franchi…
The companies are teaming up, in part, to expand their payment network. Discover is the smallest of the four U.S.-based payment networks, which also include Visa, American Express and Mastercard.
New York (CNN) — Capital One announced it’s acquiring Discover Financial Services for $35.3 billion in an all-stock deal, giving the bank a leg up in the competitive credit card market. Under the terms of the deal announced Monday evening, Discover (DFS) shareholders will receive a little over one s…
NEW YORK — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s credit card companies as well as potentially shak
Capital One Financial is buying Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's biggest lenders and credit card issuers.
Capital One (COF.N), opens new tab, a U.S. consumer lender backed by Warren Buffett, said on Monday that it will acquire credit card issuer Discover Financial Services (DFS.N), opens new tab in an all-stock transaction valued at $35.3 billion.
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Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
