Capital One receives final regulatory approvals for acquisition of Discover
Capital one financial (Saw) and discover financial services (Dfs) stated that the Board of Managers of the Federal Reserve and the Office of the Foreign Currency confirmed Capital to identify the proposed achievement. This approval follows the approval of December 2024 on December 2024 on December 2024, and the voting of more than 99% of the shares of each company in February this year. All required regulatory confirmations to complete the transaction have now been received, and the transaction is scheduled for May 18 to meet the corresponding closure conditions. “There will be no immediate changes in the capital and to discover customer accounts and relationships immediately after the transaction. Capital will enable customers to comply with relevant conversion. “This is an interesting moment for the capital and discover. We understand our customers and our economy. We hope you have the opportunity to provide responsibility for our customers, partners, shareholders and communities, “said Richard Feonbank, the chief executive director of the founder, president and capital.
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