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Discover Financial Services, Inc. is an American financial services company that owns and operates Discover Bank, an online bank that offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards.
In February 2024, Capital One announced it planned to merge with Discover Financial for over $35 billion. [1] [2] [3]In September 2024, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the United States Department of Justice Antitrust Division instituted new guidelines which call for stricter reviews of bank deals.
Capital One Financial is set to acquire Discover Financial Services in a $35.3 billion all-stock deal.. Under the agreement, Discover shareholders would receive 1.0192 Capital One shares for each ...
In February 2006, Discover Financial Services announced that it would begin offering Discover debit cards to other financial institutions, made possible by the acquisition of Pulse. [ 2 ] Discover is the third largest credit card brand in the U.S., with 60.6 million cardholders or about 8% of cards in circulation, placing it well behind Visa ...
For Discover customers, it means gaining access to physical bank locations. Currently, Discover has one brick-and-mortar location while Capital One has 259 branches and 55 Capital One Cafes.
NEW YORK (AP) — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's credit card companies as well as ...
NEW YORK/WASHINGTON (Reuters) -Warren Buffett-backed U.S. consumer bank Capital One plans to acquire U.S. credit card issuer Discover Financial Services in an all-stock transaction valued at $35.3 ...
Diners Club International (DCI), founded as Diners Club, is a charge card company owned by Discover Financial Services.Formed in 1950 by Frank X. McNamara, Ralph Schneider (1909–1964), [3] Matty Simmons, and Alfred S. Bloomingdale, it was the first independent payment card company in the world, successfully establishing the financial card service of issuing travel and entertainment (T&E ...