Capital One announced its Discover acquisition in February and had hoped to close it by Dec. 31. Credit: ShutterstockAfter 2024's Regulatory Tsunami, Financial Services Firms Hope Storm Clouds Break
Legal observers say Donald Trump's return to the White House brightens the outlook for Capital One's proposed $35 billion purchase of Discover, and may bring an end to financial regulators' crackdown on "off-channel" communications.
December 26, 2024 at 03:00 PM
3 minute read
Regulators in 2024 bogged down Capital One's plan to acquire Discover for $35 billion, unleashed an antitrust lawsuit against Visa, and continued to dole out head-spinning fines against investment advisers and broker-dealers for failing to crack down on so-called off-channel communication.
Industry leaders believe they have solid reasons to believe next year will be better, as Donald Trump returns to the White House with a pledge to crack down on what he views as regulation run amok.
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