The Justice Department reportedly told financial regulators that it didn't have sufficient evidence to block the proposed merger between Capital One and Discover. This decision would allow the two banking regulators that must approve the deal — the Federal Reserve and the Office of the Comptroller of the Currency — to approve the transaction, Bloomberg reported Thursday (April 3).
Capital One Financial's (COF) plans to buy Discover Financial Services (DFS) doesn't raise enough concerns about competition to prompt the Justice Department to block the deal, The New York Times reported Thursday.
Capital One Financial Corp got a greenlight from the Justice Department for its proposed acquisition of Discover Financial Services after the DOJ told other regulators looking into the merger that it doesn't see sufficient competition concerns to block the deal, the New York Times reported on Thursday.
The Justice Department (DOJ) is reportedly closer to permitting Capital One's purchase of Discover. That's according to a report Monday (March 31) by the Capital Forum, citing sources familiar with the matter.
RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) plans to report its First quarter 2025 results after the market closes on Wednesday, April 23, 2025. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com. A conference call to discuss the firm's results and related matters will be held on Thursday,...
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The Department of Justice has reportedly found that Capital One's planned acquisition of Discover would be anticompetitive. “DOJ staff has determined that Capital One's proposed $35.
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