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Capital One will buy Discover for $35 billion in deal that combines major US credit card companies


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NEW YORK (AP) — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s credit card companies as well as potentially shake up the payments industry, which is largely dominated by Visa and Mastercard.

https://apnews.com/article/capital-one-discover-financial-merger-credit-cards-3444782717e668b896883f09bda27baa?

phkrause

When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
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Americans’ reliance on credit cards is the key to Capital One’s bid for Discover

NEW YORK (AP) — Americans have become increasingly reliant on their credit cards since the pandemic. So much so that Capital One is willing to bet more than $30 billion that they won’t break the habit.

https://apnews.com/article/capital-one-discover-american-debt-credit-cards-76598912b86a2dadc0c39ab3229f2fe9?

phkrause

When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2

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