Here’s why Capital One is buying Discover in the biggest proposed merger of 2024

Photo caption: Capital One CEO and Chairman, Richard Fairbank. Photo credit: Marvin Joseph | The Washington Post | Getty Images. Article by Hugh Son. CNBC – updated February 21, 2024.

Capital One’s recently announced $35.3 billion acquisition of Discover Financial isn’t just about getting bigger — gaining “scale” in Wall Street speak —  it’s a bid to protect itself against a rising tide of fintech and regulatory threats. […]

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