By Rebecca Ungarino
A top U.S. banking regulator said it had granted conditional approval of Capital One's $35.3 billion all-stock bid for Discover Financial Services on Friday.
The Office of the Comptroller of the Currency, which oversees U.S. lenders, said that its approval reflects its "careful analysis of the effect of the merger on communities, the banking industry, and the U.S. financial system."
This is a developing story. Please check back for updates.
Write to Rebecca Ungarino at rebecca.ungarino@barrons.com
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April 18, 2025 11:31 ET (15:31 GMT)
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