The deal has been closely watched and seen as a litmus test for how quickly the Trump administration will approve mergers in ...

The merger, announced last year, would mark the establishment of the largest U.S. credit card company by balances if it goes ...

Both the Federal Reserve and the Office of the Comptroller of the Currency signed off on the $35 billion transaction, which ...

U.S. banking regulators said on Friday they approved Capital One's $35.3 billion purchase of Discover Financial Services, ...

Two regulators signed off on the $35 billion deal, which the banks say will create a competitor to Visa and Mastercard. But ...

Regulators, however, handed Discover several consent orders. Most notably, the FDIC ordered the company to distribute $1.225 ...

Capital One's acquistion of Discover will combine two of the industry's best-known names, making it the biggest credit card ...

The merger still needs approval from the ... If everything goes as planned, Capital One expects the deal to officially close in late 2024 or early 2025. For now, the DOJ’s green light signals ...

In a significant development for the US financial services sector, the Department of Justice ... challenge. Capital One welcomed the decision, with a spokesperson stating: “Our deal with ...

A spokesman for Capital One said Friday in an email that the deal “complies with the Bank Merger Act’s legal requirements and we remain well-positioned to gain approval.” The DOJ and ...

Merger Timeline Gets Clearer The merger still needs approval ... goes as planned, Capital One expects the deal to officially close in late 2024 or early 2025. For now, the DOJ’s green light ...

A Justice Department attorney who publicly expressed ... “I would ask the court to give us, the defendants, one more chance to do this,” Reuveni said. “That’s my recommendation to my ...