Economics

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submitted 10 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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[–] reddig33 9 points 10 months ago

“Merger highlights the problem with big credit card companies”