Capital One’s $35 Billion Discover Merger Gets Approval to Move Forward - WSJ
1. Capital One's $35 billion acquisition of Discover has been approved. 2. Approval is conditional on resolving ongoing enforcement actions against Discover. 3. Merger significantly expands Capital One's credit-card business. 4. Discover's card network competes with Visa and Mastercard. 5. Regulatory conditions may influence future mergers in the financial sector.