Capital One has received final regulatory approvals to acquire Discover, set to close on May 18.

From Yahoo Finance: 2025-04-19 11:40:00

Capital One Financial (COF) and Discover Financial Services (DFS) have received all required regulatory approvals for Capital One’s acquisition of Discover, set to close on May 18. Customers will not see immediate changes to their accounts, with future conversion activities communicated in advance. CEO Richard Fairbank expressed excitement for the merger, highlighting the importance of a competitive banking system. The transaction was approved by the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, following shareholder approval and regulatory reviews over 14 months. This deal brings together two major financial institutions for the benefit of customers, associates, shareholders, and communities.



Read more at Yahoo Finance: Capital One receives final regulatory approvals for acquisition of Discover