Credit: Adobe Stock/ALM Capital One's $35.3B Bid for Discover Faces Bevy of Regulatory Agencies, Hurdles
"The [DOJ] is going to have a challenge because you're dealing with some major companies who are going to not just back out of this easily. They're going to put forth their best foot and be persistent," said antitrust lawyer Carl Hittinger.
March 31, 2024 at 06:00 PM
6 minute read
Banking and Finance Laws
Capital One's proposed $35.3 billion purchase of Discover is far from settled as federal banking agencies in conjunction with the U.S. Department of Justice will review how the merger would affect competition, consumers and financial stability.
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