COF Stock Recent News

Capital One and Discover Financial Services said Friday (April 18) that they have received all required regulatory approvals to complete Capital One's proposed acquisition of Discover.

Federal regulators approved Capital One's (COF) bid to become America's largest credit card lender, signing off on the company's purchase of Discover (DFS) on Friday.

The deal joins two of the largest credit card companies that aren't banks first, like JPMorgan and Citi, with the notable exception of American Express.

Acquisition expected to be completed on 18 May after Federal Reserve and currency comptroller sign off on deal

Capital One Financial's application to acquire Discover Financial Services has officially been approved by the Federal Reserve Board and the Office of the Comptroller of the Currency. Capital One announced plans to acquire Discover in an all-stock transaction valued at $35.3 billion in February 2024.

The deal expands Capital One's reach and gives it a card network.

The Federal Reserve and Office of the Comptroller of the Currency said on Friday they have approved the merger of Capital One and Discover, clearing the last major hurdles for a tie-up between the two banks.

MCLEAN, Va, & RIVERWOODS, Ill.--(BUSINESS WIRE)--Capital One Financial Corporation (NYSE: COF) and Discover Financial Services (NYSE: DFS) today announced that the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency have approved Capital One's proposed acquisition of Discover. This approval follows approval of the transaction by the Delaware State Bank Commissioner in December 2024, and by shareholders of more than 99 percent of each company's shar.

MCLEAN, Va.--(BUSINESS WIRE)--Capital One Software, the enterprise B2B software business of Capital One, today announced the launch of Capital One Databolt, a tokenization solution designed to help businesses address growing data security challenges. Databolt empowers companies to protect their most sensitive data at scale, without compromising speed or performance. “In an era marked by increasing data breaches, complex data privacy requirements, and the adoption of generative AI, the need for.

Short and sweet. That’s how I’d describe this next letter from the Reddit mailbag. In 53 words, four of which are conjunctions, our caller today (let’s call him “Al”) polls the Reddit-verse advice on “the best” cash back credit card, to replace his current cash back card, which Al consider suboptimal. “I’m looking for a credit card that has better cash back than my current ones. I don’t really care for the travel points or anything like that. Just strictly cash back. I’ve heard chase sapphire is good and discover it, but I’m wondering what you all have found to be the best. Thanks!” In just 53 words, you wouldn’t expect Al could go far wrong with his request, and yet in fact he does. The problem with Al’s question you see, lies in his assumption that there must be one best cash back credit card out there. But there isn’t. Rather, the best way to make use of credit cards to get cash back, is