Potential Capital One, Discover merger
Shareholders for Capital One and Discover are voting on a proposed merger that could shift the credit card industry. CBS MoneyWatch correspondent Kelly O'Grady reports.
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Capital One-Discover merger: What to know
A potential merger between Capital One and Discover Financial Services is sparking antitrust concerns. The two firms are the fourth and sixth largest companies issuing credit cards to American consumers. Lucinda Shen, financial technology reporter for Axios, joins CBS News to discuss what the agreement could mean for consumers and the economy.
Capital One buys Discover
Capital One said it will buy Discover Financial Services for $35 billion, a deal that would bring two of the nation's biggest credit card companies together.
Capital One says it's buying Discover for $35 billion
Capital One's $35 billion purchase of Discover would create a credit card and payments giant but is expected to draw heavy scrutiny from regulators and concern among consumer groups.
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