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

Economics

488 readers
312 users here now

founded 2 years ago
80
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
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
[–] superduperenigma 26 points 11 months ago (1 children)

How did that work out for the airline industry? Because history sure seems to indicate that these monopolistic mega-mergers result in higher prices for a worse experience.