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Published 2 months ago

US banks in deal of 360 billion

Summary by Svenska Dagbladet

The 12th largest bank in the United States, Capital One, is buying Discover Financial for $35 billion, equivalent to more than SEK 360 billion. Discover shareholders will receive shares of Capital One as payment. The deal is the biggest so far this year, in the world. Both are major players when it comes to credit cards and have benefited from Americans starting to use credit cards.

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Svenska Dagbladet

US banks in deal of 360 billion

The 12th largest bank in the United States, Capital One, is buying Discover Financial for $35 billion, equivalent to more than SEK 360 billion. Discover shareholders will receive shares of Capital One as payment. The deal is the biggest so far this year, in the world. Both are major players when it comes to credit cards and have benefited from Americans starting to use credit cards.

2 months ago·Stockholm, Sweden

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