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What the Capital One-Discover Merger Means for Your Bank Account
Federal regulators approved Capital One's $35.3 billion acquisition of Discover Financial Services earlier this year despite opposition from consumer advocates and some top Democrats, who cited concerns about reduced competition, financial stability and potential harm to low-income consumers and those with poor credit scores.
Capital One completes $35 billion purchase of Discover
Capital One finalized its $35.3 billion purchase of Discover on Sunday, completing a credit card mega-merger announced more than a year ago. Nothing will immediately change for Discover customers, according to a press release issued Sunday by Capital One.
The credit-card issuer, which recently closed its acquisition of Discover, hopes to become a true competitor with Visa and Mastercard. It won't happen right away, but analysts expect a large potential ...
Two of the largest credit card companies are planning to merge, and it could have big implications for your wallet. Under the Capital One Discover merger, the Capital One Financial Corporation ...
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