The Capital One-Discover Deal Is Huge For Credit Cards—But

Nov 13, 2024 · Getty. Capital One announced on Monday its intention to acquire Discover® Bank in an all-stock transaction valued at $35.3 billion—set to close in late 2024 or early 2025. …

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The Capital One-Discover Deal Is Huge For Credit Cards—But

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Nov 13, 2024 · Getty. Capital One announced on Monday its intention to acquire Discover® Bank in an all-stock transaction valued at $35.3 billion—set to close in late 2024 or early 2025. …

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This Week In Credit Card News: How The Cap One-Discover Deal …

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Feb 22, 2024 · Capital One agreed to buy Discover for more than $35 billion, a deal that marries two of the largest credit card companies in the U.S. It is a big bet on the credit card sector, …

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Capital One Is Buying Discover For $35 Billion In Biggest Deal So Far ...

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Feb 20, 2024 · COF. BAC. Capital One is acquiring Discover Financial Services for $35.3 billion in an all-stock deal, giving the bank a leg up in the competitive credit card market. Under the …

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Capital One To Buy Discover For $35 Billion | AP News

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Feb 20, 2024 · FILE - The logo for Capital One Financial is displayed above a trading post on the floor of the New York Stock Exchange, July 30, 2019. Capital One Financial is buying Discover …

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Capital One-Discover Deal Adds Rival To Visa And Mastercard, …

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Feb 20, 2024 · DFS. By Niket Nishant, Manya Saini and Carolina Mandl. (Reuters) -Capital One Financial's $35.3 billion deal for Discover Financial would create new competition for …

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Capital One To Buy Discover For $35 Billion In Deal That Combines …

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Feb 19, 2024 · Capital One Financial is buying Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's biggest lenders and credit card issuers, …

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Capital One To Buy Discover For $35 Billion In Deal Combining …

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Feb 20, 2024 · Photo: Getty Images. Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that could shake up the payments industry, which is largely …

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Capital One To Buy Discover For $35 Billion In Deal That Combines …

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Feb 20, 2024 · New York — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's credit card companies as well …

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Capital One-Discover Deal Hits Roadblock In Bank Merger Overhaul

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That compares to 99 deals worth $4.15 billion in all of 2023, the lowest level since at least 2000. The Capital One-Discover deal will be the biggest test for the new bank review regime, …

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Americans' Reliance On Credit Cards Is The Key To Capital One's Bid …

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Feb 20, 2024 · Capital One Financial is buying Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s biggest lenders and credit card issuers. (AP …

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Capital One To Aquire Discover In A $35.3 Billion Deal - Thrifty …

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Feb 20, 2024 · Capital One announced late Monday that it plans to acquire Discover Financial Services in a $35.3 billion deal that would bring two of the largest credit card issuers in the …

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This Week In Credit Card News: Could We See A 10% Cap On

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15 hours ago · Elizabeth Warren Backs 10% Cap on Credit Cards. The incoming top Democrat on the Senate Banking Committee threw her support behind a 10% cap on credit card interest …

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How Washington May Approach The Capital One-Discover Deal

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Feb 20, 2024 · Capital One’s $35.3 billion takeover to buy Discover Financial Services will create a colossus in the fast-growing credit card industry and a more powerful force in the payment …

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FAQs about The Capital One-Discover Deal Is Huge For Credit Cards—But Coupon?

What will happen if Capital One's Discover Card deal is approved?

If the Capital One-Discover Card deal is approved, not much should change for consumers in the short term. However, they may find that more merchants could take their Discover cards, especially internationally. Capital One will push some of its credit cards to the Discover payment network. ...

Will Capital One buy Discover Financial Services for $35 billion?

NEW YORK (AP) — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s credit card companies as well as potentially shake up the payments industry, which is largely dominated by Visa and Mastercard. ...

Why did Capital One buy discover?

Capital One agreed to buy Discover for more than $35 billion, a deal that marries two of the largest credit card companies in the U.S. It is a big bet on the credit card sector, which has been booming thanks to generous rewards programs and the digitization of commerce. ...

What happens if a Capital One credit card deal is approved?

If the Capital One and Discover deal is approved, Capital One may find that more merchants could take their Discover cards, especially internationally. Capital One will push some of its credit cards to the Discover payment network. Capital One will want to dramatically expand its use of those networks to get a bigger revenue cut. ...

What if Capital One merged with discover?

A marriage between Capital One and Discover, if approved by regulators, would also give Capital One a new source of revenue from the merchant fees it collects. Currently, Capital One issues credit cards with Mastercard, Visa and Discover. ...

Will Capital One-discover get a sharp look?

Capital One-Discover, a nontraditional bank deal combining a major credit card issuer with a payment network, will likely get a sharp look given the DOJ’s expanded criteria, Grischkan said. Banking trade groups said the merger review overhaul across several agencies will set up new roadblocks for bank deals and harm competition. ...