Big News: Capital One’s $35 Billion Acquisition of Discover Financial Set to Forge Consumer Lending Giant

capital one acquires discover financials

A $35.3 billion all-stock merger between Capital One and Discover Financial was announced. With this acquisition, Capital One would become the payments industry titan, with more than 100 million consumers. Capital One has around $479 Billion in assets, which makes it one of the biggest banks in the United States. It offers credit cards through