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@ Yahoo! Finance - by layer3.news
2025-02-06 08:52:33
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✍️ Capital One's $35.3 billion deal to acquire Discover is expected to close soon, making it the largest credit card issuer in the US, surpassing JPMorgan Chase.
👉 Capital One's $35.3 billion deal to acquire Discover is expected to close soon
👉 Combined company would hold 19% of outstanding credit card loans in the US
👉 Estimated market share of 22%
👉 Regulators and consumer advocates have raised concerns about reduced competition, higher fees, and limited options for customers
👉 Transition of Capital One cards from Visa and Mastercard networks to Discover's payment network may create headaches for international travelers
#RichardFairbank #business
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