Capital One and Discover Acquisition Won't Be Blocked by DOJ

Capital One and Discover Acquisition Won't Be Blocked by DOJ

Back on December 18, 2024, Capital One received approval from the Office of the Delaware State Bank Commissioner to finalize its previously announced acquisition of Discover. Then, in February 2025, shareholders of both Capital One and Discover approved the acquisition — by overwhelming numbers on both sides. It seemed like everything was fine, though a Department of Justice (DOJ) investigation into the merger last month called the deal’s progre…

News Release: Organizations Urge Justice, Banking Regulators to Block Capital One-Discover Merger - Americans for Financial Reform

Today, American Economic Liberties Project, Americans for Financial Reform Education Fund, National Community Reinvestment Coalition, and Public Citizen sent a letter to the U.S. Department of Justice, the Federal Reserve Board, and the Office of the Comptroller of the Currency (OCC) urging them to block the proposed Capital One-Discover merger under federal antitrust and banking statutes. The post News Release: Organizations Urge Justice, Banki…

CapOne, Discover Deal May Have Justice OK and other Digital Transactions News briefs from 4/4/25 - Digital Transactions

The Department of Justice approved Capital One Financial Corp.’s $35-billion proposal to acquire Discover Financial Services, noting it does not see strong enough competition concerns to scrub the deal, which was first proposed by the two parties in February last year. PointsKash Inc. said it has concluded an agreement with Discover Network to issue prepaid rewards cards to PointsKash users from PointsKash kiosks around the country. Payments sto…