this post was submitted on 19 Feb 2024
80 points (98.8% liked)

Economics

450 readers
10 users here now

founded 1 year ago
80
Capital One is set to acquire Discover, merging 2 of the US' largest credit-card companies (www.businessinsider.com)
submitted 9 months ago by MicroWave to c/economics
25 comments fedilink hide all child comments
 
  • 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.
you are viewing a single comment's thread
view the rest of the comments
[–] Nerrad 34 points 9 months ago (1 children)

This not good news for consumers.