Capital One’s $35.3 Billion Discover Bid Approved By Federal Reserve & OCC

The Federal Reserve has approved Discover Financial's massive $35.3 billion bid to acquire Discover Financial, which will reshape the banking landscape in the US. The deal will ensure that the combined entity surpasses JPMorgan Chase as the largest credit card lender in the US. Today's announcement by the Fed comes after the deal secured approval from the Justice Department earlier this month to advance Capital One's bid. Federal Reserve Assesses $100 Million Fine For Discover Financial As Part Of Approving Acquisition By Capital One Discover's latest tryst with big banks comes after the firm was spun off by investment bank […]

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