Regulators approve merger of two big credit card companies, Capital One and Discover
Headline from UPI
Capital One's planned $35.3 billion acquisition of a rival credit card company, Discover, was approved by two regulators, Federal Reserve and the Office of the Comptroller of the Currency, on Friday.
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The merger’s approval will likely encourage more deals, which was predicted due to Donald Trump’s largely friendly nature toward business consolidation.
Banking regulators said on Friday they approved Capital One's $35.3 billion purchase of Discover Financial Services, paving the way for the combined firms to become the nation's eighth-largest bank. The
Capital One's planned $35.3 billion acquisition of a rival credit card company, Discover, was approved by two regulators, Federal Reserve and the Office of the Comptroller of the Currency, on Friday.
NEW YORK >>U.S. banking regulators said today they approved Capital One’s $35.3 billion purchase of Discover Financial Services, paving the way for the combined firms to become the nation’s eighth-largest bank.
Capital One Financial’s application to acquire Discover Financial Services has officially been approved by the Federal Reserve the Office of the Comptroller...
By Elisabeth Buchwald, CNN New York (CNN) — There could very soon be a new biggest credit card company in the United States. Capital One (COF) received approval from the Federal Reserve’s Board of Governors and the Office of the Comptroller of the Currency to acquire and merge with Discover Financia…
Capital One's acquistion of Discover will combine two of the industry's best-known names, making it the biggest credit card company when customers’ outstanding balances are combined.
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Regulators approve merger of two big credit card companies, Capital One and Discover | Since Then