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NEW YORK (AP) — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s
Capital One's chances of getting its $35.3 billion deal for Discover Financial past regulators hinge on the bank showing it can disrupt the close-knit U.S. credit card industry, five experts in corporate law interviewed by Reuters said. Investors are assigning only a 50% chance to the deal being completed amid concerns the proposed acquisition could become a lightning rod for U.S. regulators and lawmakers fretting over high credit card interest rates and fees. To boost its chances of getting the deal approved, Capital One will have to show it will share some of the deal's $2.7 bill...
In 2024, Bank of America will be closing branches on the west coast, followed by closures on the east coast in March. NJ branches will be affected in April.
In 2024, Bank of America will be closing branches on the west coast, followed by closures on the east coast in March. NJ branches will be affected in April.
Cramer noted that Discover typically maintains a significant put and common short position, suggesting that Capital One's stock might actually rise as a result.