Founder and CEO Richard Fairbank turned a small credit-card lender into a fintech powerhouse. Now he’s taking on Visa, Mastercard, and American Express.

The deal greatly expands Capital One’s credit-card business and gives the bank a card network. Discover’s card network is one of few that compete with Visa and Mastercard.

The pending merger between Capital One and Discover Financial Services received approval from several regulators Friday, bringing the $35 billion tie-up closer to completion. The Federal Reserve ...

Capital One finalizes $35.3B Discover deal, expanding credit card reach after federal OK and lawsuit settlements.

Capital One closes Discover deal, agrees to $425M payout. A sign above an ATM at a Capital One Café on February 19, 2024, in Miami, Florida.

Capital One Financial Corp. received approval from US regulators to buy Discover Financial Services, a deal that creates the nation’s biggest credit-card issuer by loan volume.

Capital One’s $35 billion acquisition of Discover Financial just got the greenlight from federal regulators, and it’s more than just a win for Wall Street. For everyday consumers, this deal ...

That means all $350,000 is protected: $200,000 at Discover and $150,000 at Capital One. But after six months, the FDIC will treat Discover and Capital One as one bank. That means only $250,000 of ...

At the time Capital One inked its deal for Discover, the credit card company was mired in regulatory headaches over the way it had classified certain credit card accounts dating back to 2007.

Capital One’s (NYSE: COF) deal to acquire Discover Financial (NYSE:DFS) may be moving closer to approval. While the U.S. Department of Justice was initially scrutinizing the $35.3 billion ...

Capital One and Discover have received all the necessary regulatory approvals for the deal, which will close on May 18, the companies said in a joint statement.

Capital One Financial Corp. received approval from US regulators to buy Discover Financial Services, a deal that creates the nation’s biggest credit-card issuer by loan volume.The Federal ...