PROVIDENCE, R.I. (WPRI) — One of the final regulatory hurdles has been completed in merging Capital One and Discover, two of the largest credit card issuers in the country. Capital One Financial Corp. announced it received approval from the Office of the Delaware State Bank Commissioner on Wednesday to acquire Discover Financial Services. "This approval represents an important step toward the completion of the merger," the company said in a pres…

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Bank regulators approve merger between Capital One and Discover

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By Ahmad Holmes | Special to The OBSERVERThe impact of Black-owned businesses on the world’s fifth-largest economy is monumental and cannot be overstated. In 2020, California was home to 197,000 Black-owned businesses, which created over 220,000 jobs and contributed nearly $3 billion in fiscal impact. Yet, as the President & CEO of the California African American Chamber of Commerce, I am acutely aware of these businesses’ challenges. Black-owne…

The Sacramento Observer

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Capital One-Discover Merger Would Be A Boost Small To Business - The Sacramento Observer

Capital One said Thursday (Dec. 19) that its previously announced acquisition of Discover Financial Services has moved another step toward completion by receiving approval from the Office of the Delaware State Bank Commissioner. The bank received that approval Wednesday (Dec. 18), it said in a Thursday press release. Subject to the satisfaction of the remaining closing conditions — including approval by the stockholders of Discover and Capital O…

PYMNTS.com

Capital One: Delaware’s Approval Moves Discover Acquisition Closer to Completion

WILMINGTON — Capital One has secured the Delaware State Bank Commissioner’s approval for its proposed $35 billion merger with Discover Financial Services – and federal regulators are the next stop in its path to completing the deal. There’s still many hurdles to clear, as Capital One will have to get the blessing of stockholders from […] The post Delaware bank regulators approve Capital One, Discover deal appeared first on Delaware Business Time…

Delaware Business Times

Delaware bank regulators approve Capital One, Discover deal

I strongly support Capital One’s proposed merger with Discover, particularly in light of their ambitious $265 billion Community Benefits Plan (CBP). As someone who spent years running a company with locations across Oregon, I’ve seen firsthand how critical stable, affordable housing is to the health of our communities and the strength of our economy. Bend, where housing shortages are acute, illustrates the urgent need for solutions. According to…

Cascade Business News

Capital One Discover Merger Can Benefit Oregon - Cascade Business News

Capital One received approval yesterday, December 18, from the Office of the Delaware State Bank Commissioner to finalize its previously announced acquisition of Discover in February of this year. In a major banking industry shakeup, Capital One announced in February 2024 that it would acquire Discover Financial Services. This theoretically meant that Capital One’s current volume in the credit card market would experience a significant boost — a…

UpgradedPoints.com

Capital One and Discover Acquisition Approved: Details

The incoming Senate Banking Committee ranking member blasted two regulators for failing to update bank merger guidelines as thoroughly as the FDIC and Justice Department.

bankingdive.com

Warren warns OCC, Fed of ‘malfeasance’ on Capital One-Discover

The Office of the Delaware State Bank Commissioner has approved Capital One’s $35.3bn acquisition of digital banking and payment services company Discover Financial Services and its subsidiary, Discover Bank. This approval marks a key step towards completing the merger. The deal, valued at $35.3bn, was initially announced in February 2024. At close, shareholders of Capital One will own around 60% and Discover shareholders will own nearly 40% of …

Bank regulators approve merger between Capital One and Discover

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