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A branch office of Capital One Bank is pictured on May 7, 2009, in New York. Capital One Financial is buying Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's biggest lenders and credit card issuers, according to a news release issued by the companies Monday, Feb. 19, 2024. (AP Photo/Mark Lennihan, File)

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Capital One to buy Discover for $35 billion in deal that combines major US credit card companies
February 20, 2024 8:40 a.m.

Capital One to buy Discover for $35 billion in deal that combines major US credit card companies

It also will give Discover's payment network a major credit card partner in a way that could make the payment network a major competitor once again.