Is Capital One Trying to Become the Next American Express?

The big news in banking this week is that Capital One Financial (COF 0.71%) is acquiring Discover Financial Services (DFS 1.37%). Capital One is the ninth-largest U.S. bank by assets, and Discover is a credit card network like Visa or Mastercard. Its model is more similar to American Express, just a lot smaller. Is that where Capital One is going?What does this do for Capital One?Capital One has revamped its credit card program over the past few years, leaning heavily on the American Express example of a la ...