Capital One says its planned $35.3 billion purchase of Discover will boost competition. That’s according to a report Thursday (March 21) by Reuters, citing information shared by a source who had seen the bank’s regulatory application. The filing also argues the deal won’t hinder competition in the credit card...
Before Capital One acquired Discover Financial last month, J.P. Morgan Chase reportedly considered its own bid. The country’s largest bank spent roughly a year exploring a deal to gain control of Discover’s payments network long before Capital One’s $35 billion purchase, the Financial Times (FT)...
The news that Capital One has launched a $35 billion bid to acquire Discover Financial has shaken up the financial services industry. Jim McCarthy, CEO of Thredd, told Karen Webster that speculation over what the combo of the two credit card giants might mean —...
In what could be one of the largest acquisitions of the decade, Capital One recently announced it wants to purchase Discover Financial in a deal valued at more than $35 billion. If regulators approve the deal, it will bring together two of the largest U.S....
February 29, 2024
The news that Capital One has launched a $35 billion bid to acquire Discover Financial has shaken up the financial services industry. Jim McCarthy, CEO of Thredd, told Karen Webster that speculation over what the combo of the two credit card giants might mean — should regulators let the deal go through — “is what’s […]
February 20, 2024
In any industry, a $35 billion deal is, of course … a big deal. But in financial services, the news that Capital One has set the stage to buy Discover...
March 21, 2024
Capital One says its planned $35.3 billion purchase of Discover will boost competition. That’s according to a report Thursday (March 21) by Reuters, citing information shared by a source who had seen the bank’s regulatory application. The filing also argues the deal won’t hinder competition in the credit card space, as the combined company will make up about 13% […]
March 07, 2024
Before Capital One acquired Discover Financial last month, J.P. Morgan Chase reportedly considered its own bid. The country’s largest bank spent roughly a year exploring a deal to gain control...
February 22, 2024
If Capital One’s planned acquisition of Discover Financial falls through, one firm or the other could pay a termination fee of $1.38 billion. This termination fee will be paid if...
February 21, 2024
Democrat Congresswoman Maxine Waters has called on banking regulators to block the $35.3 billion planned acquisition of Discover Financial by Capital One Financial. Waters, D-Calif., said Wednesday (Feb. 21) that she is “deeply opposed” to the...
