Capital One Reportedly Is Set to Acquire Discover Financial

Key TakeawaysCapital One reportedly is set to acquire Discover Financial in a deal that would join two major credit card providers.The deal, which is expected to value Discover at a premium to its current market capitalization of $27.6 billion, could be announced as soon as Tuesday, The Wall Street Journal reported.Discover recently raised its bad loan provisions and also faced scrutiny from regulators for compliance and risk management issues.Capital One Financial Corp. (COF) reportedly is set to acquire D ...