News > Why Capital One is buying Discover in the biggest merger yet of 2024
Why Capital One is buying Discover in the biggest merger yet of 2024
21/02/2024 10:30 PM | Click to read full article
Capital One’s $35.3 billion acquisition of Discover Financial is a bid to protect itself against a rising tide of fintech and regulatory threats. The industry is a dynamic web where players of all stripes, from traditional banks to fintech players and tech giants, are all seeking to stake out a corner in a market worth trillions of dollars by eating into incumbents’ share amid the rapid growth of e-commerce and digital payments.
