2 of the world's largest credit card companies just merged
Source: Business Insider
May 18, 2025, 4:38 PM ET
Capital One Financial Corporation has completed its acquisition of Discover Financial Services.
Richard D. Fairbank, Capital One's founder and CEO, said the deal "brings together two innovative, mission-driven companies" in a press release on Sunday.
"Through the efforts of thousands of associates across Capital One and Discover, we are well-positioned to continue our quest to change banking for good for millions of customers," he said. The companies first announced the acquisition, an all-stock transaction valued at $35.5 billion, in February.
At that time, Fairbank said the acquisition was a "singular opportunity to bring together two very successful companies with complementary capabilities and franchises, and to build a payments network that can compete with the largest payments networks and payments companies."
Read more: https://www.businessinsider.com/capital-one-acquires-discover-credit-card-companies-2025-5
REFERENCE - https://www.democraticunderground.com/10143443333
= new reply since forum marked as read
Now, we have monopolies developing in most big businesses.
Soon, there will be one company for everything and those rethugs will control it all.
Unless we stop them. 
... "sooner or later we're all going to be owned by ONE BIG BANK!" He told it like a joke, but it was really a true statement.
