Senator says $35bn deal merging two of the largest US credit card firms would 'threaten financial stability' and reduce competition Senator Elizabeth Warren has urged regulators to block Capital One's $35bn takeover of Discover Financial, arguing that combining two of the US's largest credit card companies would harm consumers and challenge financial stability. The blockbuster deal would inevitably lead to higher costs and fees for cardholders, according to the leftwing senator.
Elizabeth Warren urges regulators to block Capital One's takeover of Discover
The Guardian - 20 Feb 2024 21:59
Senator says $35bn deal merging two of the largest US credit card firms would 'threaten financial stability' and reduce competition Senator Elizabeth Warren has urged regulators to block Capital One's $35bn takeover of Discover Financial, arguing that combining two of the US's largest credit card companies would harm consumers and challenge financial stability. The blockbuster deal would inevitably lead to higher costs and fees for cardholders, according to the leftwing senator.
Share this Article
Recommended