A mega-deal between Capital One and Discover Financial Services could be one of the largest acquisitions of the year.
  • Capital One is readying an acquisition of Discover Financial Services, according to The Wall Street Journal.
  • The deal would merge two of the largest credit-card issuers in the US.
  • Discover is coming off a difficult year after compliance lapses led to a CEO resignation.
  • @pdxfed
    6•7 months ago

    Discover is a necessary also-ran. Capital One is only interested in predatory lending. I’ve applied for and been denied C1 cards the twice ive applied as I did not “have sufficient revolving credit balances”, e.g. they wouldn’t make money off me.

    Hope FCC sues to block.

    • @hydrospanner
      3•7 months ago

      Would it be the FCC or the FTC or the SEC?

      • @DoomBot5English
        -1•7 months ago

        I see no reason the FCC would be involved. That person is clearly just butt hurt and doesn’t know what they’re talking about.