Coalition of advocacy groups warn that deal would ‘further concentrate risk’ in the financial system and ‘must be stopped’
Regulators have been urged to block Capital One’s $35bn takeover of Discover by campaigners who say the blockbuster deal is “dangerous, illegal, and must be stopped”.
Urging the Federal Reserve and Department of Justice to intervene, a coalition of more than a dozen advocacy groups cautioned that combining two of the largest credit card companies in the US would damage competition and “further concentrate risk” in the financial system.
About Author
More Stories
EU microchip strategy ‘deeply disconnected from reality’, say official auditors
Aston Martin limits exports to US because of Trump tariffs
TikTok fined €530m by Irish regulator for failing to guarantee China would not access user data