Capital One gets green light to buy Discover for $35B and form credit card giant
1. The $35 billion merger between Capital One and Discover is approved. 2. Regulators highlight merger's impact on communities and the banking industry. 3. Capital One committed to remediation related to Discover's past fees. 4. Discover's payment network will benefit from Capital One's partnership. 5. The merger aims to increase competition against Visa and Mastercard.