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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.
Capital One acquired Discover in an all-stock transaction valued at $35.5 billion.
The tentative settlement represents a step toward resolving an issue that hung over Capital One's acquisition of Discover.
Many banks, including Capital One, stopped offering debit card rewards after the Durbin amendment to the Dodd-Frank Act of ...
The acquisition, originally announced in February 2024, was expected to boost Capital One’s standing in the credit card ...
The senator urged the Justice Department’s new antitrust czar, who's expressed a general concern over the creation of too-big ...
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Letitia James’s lawsuit claimed Capital One promised depositors one of the country’s highest interest rates on their 360 ...
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