Cindy Alverez posted an update in the group
Business 2 months, 1 week agoCapital One’s $35B All-Stock Merger With Discover Would Make Capital One The Largest U.S. Credit Card Issuer, & Could Challenge Visa/Mastercard By Shifting Its Customers To Discover’s Network. The DOJ Found No Reason To Block The Deal, & The Federal Reserve & OCC Have Given The Final Approval. But Critics Warn Of Higher Fees & Credit Costs.
Capital One and Discover secure final approvals for their $35B merger, paving the way to create the 8th largest U.S. bank.
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