Regulators approve $35bn merger of Capital One and Discover Financial
by Associated Press from on (#6WQD9)
Acquisition expected to be completed on 18 May after Federal Reserve and currency comptroller sign off on deal
The pending merger between Capital One and Discover Financial services received approval from several regulators on Friday, bringing the $35bn tie-up closer to completion.
The Federal Reserve and the office of the comptroller of the currency (OCC) signed off on the deal, which was first announced in February 2024.
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