Regulators approve $35bn merger of Capital One and Discover Financial
1. Capital One and Discover merger approved by regulators, nearing completion. 2. Federal Reserve fined Discover $100m for prior interchange fee overcharges. 3. Acquisition expected to boost Discover's competitiveness against Visa and Mastercard. 4. Both companies' shareholders have approved the merger this February. 5. Approval reflects potential positive effect on communities and US financial system.