The merger brings together two of the country's top credit card issuers, giving Capital One control of Discover's global payments network of 70 million merchant locations in more than 200 countries.

In mid-May of 2025, Capital One Financial Corporation (NYSE: COF) finalized its massive $35.3 billion acquisition of Discover ...

McLean-based Capital One Financial completed its $35.3 billion acquisition of Discover Financial Services in May, finalizing the merger of the credit card giants announced last year. On April 18, ...

Why is Capital One buying Discover? The deal will create the largest U.S. card issuer with around $250 billion in card balances and a market share of 22%, according to TD Cowen.

Merger discussions began in mid-August when Stephen Crawford, formerly Capital One’s chief financial officer and now-senior adviser to Fairbank, reached out to independent chairman of Discover ...

The Discover-Capital One Merger: Three Things for Consumers to Consider . Here are some parts of the merger discussion with tangible implications for consumers. Credit Card Costs.

Capital One's acquisition of Discover for $35.3 billion will have a major impact on consumer and financial services once the deal is finalized. Here's what you need to know.

Capital One and Discover are among the largest credit card issuers in the U.S., and the merger will expand Capital One's deposit base and its credit card offerings.

Capital One's decision to acquire Discover could establish a new megafirm that shakes up the credit card industry. The move may hold long-term implications for credit card holders, regardless of ...