"Capital One's $35.3 Billion Acquisition of Discover Financial Services"
Capital One plans to acquire Discover Financial Services in a $35.3 billion all-stock deal, creating a global payments giant and forming the sixth-largest U.S. bank by assets. The acquisition is expected to face intense antitrust scrutiny and would result in Capital One shareholders owning 60% of the combined company. The deal comes at a time of increased regulatory focus on credit card fees and bank mergers, with potential implications for competition in the credit card market.