BREAKING NEWS

Capital One is acquiring Discover Financial Services, combining two of the largest credit card companies in the U.S.

Monday, February 19, 2024 8:24 PM ET

Capital One, with $479 billion in assets, is one of the nation's largest banks, and it issues credit cards on networks run by Visa and Mastercard. Acquiring Discover will give it access to a credit card network of 305 million cardholders, adding to its base of more than 100 million customers.

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