Capital One Bank Merger. Capital one announced on monday that it would acquire discover financial services, in a deal to combine two of the largest credit card companies in the united states. The proposed merger between capital one and discover could create a new financial conglomerate while potentially limiting consumer choice for credit products and.
Banking giant capital one and credit card issuer discover financial have been hit with a lawsuit claiming their proposed $35 billion merger would reduce competition, drive up. On february 19, capital one announced an agreement to acquire discover financial services.