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.
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