Capital One Considers Acquisition of Discover Financial

Capital One is reportedly preparing to acquire Discover Financial Services, potentially merging two of the largest credit-card issuers in the US. The deal, which could be announced as soon as Tuesday, is not yet certain or final, and details are not available. Discover has faced challenges, including compliance lapses leading to the resignation of its CEO, while Capital One serves over 100 million customers. If the acquisition goes through, it could signal a rebound in mergers and acquisitions after a 10-year low in global M&A activity.