Report: Capital One to Acquire Discover, Uniting Two Credit Card Giants

Capital One is reportedly acquiring Discover Financial.Bloomberg reported Monday (Feb. 19) that Capital One is considering the acquisition, and The Wall Street Journal (WSJ) reported later Monday that the bank is buying Discover and the deal could be announced Tuesday (Feb. 20). Both reports cited unnamed sources.Neither Capital One nor Discover immediately replied to PYMNTS’ request for comment.The deal would bring together two of the largest credit card companies in the United States, according to the WSJ ...