this post was submitted on 19 Feb 2024
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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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[โ€“] Anticorp 47 points 10 months ago (1 children)

Because that's why companies merge and form monopolies, to lower fees and help consumers. Right? Right guys? Right?