Capital One Finalizes Acquisition of Discover Financial Services

Reuters

05-18

Capital One Finalizes Acquisition of Discover Financial Services

Capital One Financial Corporation has announced the completion of its acquisition of Discover Financial Services. This strategic move combines two innovative companies with a shared mission to deliver cutting-edge products and experiences to consumers, businesses, and merchants. The acquisition, initially announced in February 2024, received necessary regulatory approvals and was supported by shareholders earlier this year. Following the acquisition, Capital One has expanded its Board of Directors, incorporating members from Discover's former board. For now, customer accounts and banking relationships remain unchanged, with further information to be provided to customers ahead of any changes. Capital One plans to continue offering Discover-branded credit card products alongside its existing offerings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Capital One Financial Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250517147002) on May 18, 2025, and is solely responsible for the information contained therein.

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