Capital One, Discover Merger Clears Regulatory Hurdle, Sources Tell The New York Times

Dow Jones04-03

By Connor Hart

--The U.S. Justice Department told financial regulators it didn't have sufficient evidence to block the proposed $35 billion merger between Capital One Financial and Discover Financial Services, the New York Times reported, citing two people with knowledge of the matter.

--The department sent a memo to the Federal Reserve and the Office of the Comptroller of Currency, which are the two banking regulators that must sign off on the deal, stating it had concluded its investigation and did not believe there were concerns that warranted blocking the deal, the report said.

--The finding marks a reversal in thinking, as the proposed deal was initially met by concerns that it could harm consumers, according to The New York Times report.

Full article at https://www.nytimes.com/2025/04/03/business/dealbook/capital-one-discover-merger.html

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 03, 2025 14:36 ET (18:36 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2524292804?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2025-04-04 02:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2524292804","market":"other","top_or_hot":-1,"title":"Capital One, Discover Merger Clears Regulatory Hurdle, Sources Tell The New York Times","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Connor Hart \n</p>\n<pre>\n \n</pre>\n<p>\n  --The U.S. Justice Department told financial regulators it didn't have sufficient evidence to block the proposed $35 billion merger between Capital One Financial and Discover Financial Services, the New York Times reported, citing two people with knowledge of the matter. \n</p>\n<p>\n  --The department sent a memo to the Federal Reserve and the Office of the Comptroller of Currency, which are the two banking regulators that must sign off on the deal, stating it had concluded its investigation and did not believe there were concerns that warranted blocking the deal, the report said. \n</p>\n<p>\n  --The finding marks a reversal in thinking, as the proposed deal was initially met by concerns that it could harm consumers, according to The New York Times report. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full article at https://www.nytimes.com/2025/04/03/business/dealbook/capital-one-discover-merger.html \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 03, 2025 14:36 ET (18:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Capital One, Discover Merger Clears Regulatory Hurdle, Sources Tell The New York Times</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCapital One, Discover Merger Clears Regulatory Hurdle, Sources Tell The New York Times\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-04 02:36</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Connor Hart \n</p>\n<pre>\n \n</pre>\n<p>\n  --The U.S. Justice Department told financial regulators it didn't have sufficient evidence to block the proposed $35 billion merger between Capital One Financial and Discover Financial Services, the New York Times reported, citing two people with knowledge of the matter. \n</p>\n<p>\n  --The department sent a memo to the Federal Reserve and the Office of the Comptroller of Currency, which are the two banking regulators that must sign off on the deal, stating it had concluded its investigation and did not believe there were concerns that warranted blocking the deal, the report said. \n</p>\n<p>\n  --The finding marks a reversal in thinking, as the proposed deal was initially met by concerns that it could harm consumers, according to The New York Times report. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full article at https://www.nytimes.com/2025/04/03/business/dealbook/capital-one-discover-merger.html \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 03, 2025 14:36 ET (18:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0477156953.USD","symbol_name":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524292804","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524292804","pubTimestamp":1743705360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"--The U.S. Justice Department told financial regulators it didn't have sufficient evidence to block the proposed $35 billion merger between Capital One Financial and Discover Financial Services, the New York Times reported, citing two people with knowledge of the matter.--The department sent a memo to the Federal Reserve and the Office of the Comptroller of Currency, which are the two banking regulators that must sign off on the deal, stating it had concluded its investigation and did not believe there were concerns that warranted blocking the deal, the report said.--The finding marks a reversal in thinking, as the proposed deal was initially met by concerns that it could harm consumers, according to The New York Times report.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","COF":"第一资本","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4111":"出版","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4532":"文艺复兴科技持仓","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4166":"消费信贷","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4585":"ETF&股票定投概念","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","DFS":"发现金融","LU0130518102.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","BK4559":"巴菲特持仓","LU1861217088.USD":"贝莱德金融科技A2","BK4588":"碎股","NYT":"纽约时报","BK4516":"特朗普概念","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC"},"translate_title":"消息人士告诉《纽约时报》，第一资本与Discover合并清除了监管障碍","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COF":1,"DFS":1,"NYT":1},"content_text":"By Connor Hart \n\n\n \n\n\n  --The U.S. Justice Department told financial regulators it didn't have sufficient evidence to block the proposed $35 billion merger between Capital One Financial and Discover Financial Services, the New York Times reported, citing two people with knowledge of the matter. \n\n\n  --The department sent a memo to the Federal Reserve and the Office of the Comptroller of Currency, which are the two banking regulators that must sign off on the deal, stating it had concluded its investigation and did not believe there were concerns that warranted blocking the deal, the report said. \n\n\n  --The finding marks a reversal in thinking, as the proposed deal was initially met by concerns that it could harm consumers, according to The New York Times report. \n\n\n \n\n\n  Full article at https://www.nytimes.com/2025/04/03/business/dealbook/capital-one-discover-merger.html \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 03, 2025 14:36 ET (18:36 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,policyRegulatory,merge","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.32.3","shortVersion":"4.32.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2524292804"}