Market Chatter: Capital One's Discover Financial Acquisition Cleared by Justice Department

MT Newswires Live

Apr 04, 2025

Capital One Financial's (COF) planned acquisition of Discover Financial Services (DFS) received the Justice Department's go-ahead after the agency told regulators it did not see any concerns that warranted blocking the deal, The New York Times reported Thursday, citing two people with knowledge of the matter.

The Justice Department, which had raised concerns over the $35 billion merger during the Biden administration, sent a letter this week to the Federal Reserve and the Office of the Comptroller of the Currency saying it did not see sufficient competition concerns to block Capital One's purchase, according to the report.

Representatives for the Justice Department and Capital One declined to comment to the NYT.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 166.36, Change: -15.82, Percent Change: -8.68

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 166.36, Change: -15.82, Percent Change: -8.68</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1201861165.SGD","symbol_name":"Natixis Harris Associates Global Equity PA SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2524959062","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524959062","pubTimestamp":1743699377,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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