The merger will no doubt face scrutiny from banking and antitrust regulators, which under President Joe Biden have been laser focused on anything that would dampen competition in …

Aug 1, 2024 · The Capital One-Discover deal came after Biden in 2021 directed regulators to increase their scrutiny of corporate tie-ups as part of a broader focus on antitrust policy.

Aug 25, 2008 · With Sen. Joe Biden joining the Democratic ticket, there's renewed scrutiny of Biden's connections to the credit card industry.

Feb 26, 2024 · The $35 billion tie-up between Capital One Financial Corp. and Discover Financial Services would harm consumers by increasing concentration in the financial industry and should be blocked, 13 congressional Democrats argued in a letter.

Feb 21, 2024 · President Joe Biden’s 2021 executive order to promote competition called on the DOJ and banking agencies to more aggressively scrutinize consolidation in the financial sector, a commitment regulators have echoed in recent public statements.

Feb 21, 2024 · President Joe Biden considers taking unilateral action on border security. The merger of two major credit card companies raises red flags.

Feb 21, 2024 · Combining Capital One and Discover, the top four and five players in the U.S. credit card market by loans, would create the biggest issuer with around $250 billion in card balances and a market...

Jan 17, 2025 · Will Biden ultimately be viewed as a uniquely poor one-term president, or will history be kinder to him with time?

Capital One is to buy Discover for $35 billion, in a deal that would bring together two of the nation's credit card companies. The deal would potentially shake up the payments industry.

Jan 20, 2025 · President Joe Biden and First Lady Jill Biden then hosted a tea at the White House for the Trumps before the swearing-in ceremony. The Bidens did not attend the church service.