this post was submitted on 19 Feb 2024
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Economics

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Capital One is set to acquire Discover, merging 2 of the US' largest credit-card companies (www.businessinsider.com)
submitted 11 months ago by MicroWave to c/economics
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  • Capital One is readying an acquisition of Discover Financial Services, according to The Wall Street Journal.
  • The deal would merge two of the largest credit-card issuers in the US.
  • Discover is coming off a difficult year after compliance lapses led to a CEO resignation.
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[–] Nerrad 34 points 11 months ago (1 children)

This not good news for consumers.