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Discover-Capital One merger expected to close May 18, interim CEO says

( April 24, 2025, 12:32 GMT | Official Statement) -- MLex Summary: Discover Financial Services expects its merger with Capital One to close on May 18, according to Interim Chief Executive Officer and President Michael Shepard. The deal received approvals from the federal level by the Office of the Comptroller of Currency and Federal Reserve Board, but awaits other customary closing conditions. Discover did not share 2025 trends or answer questions on its earnings call, anticipating it would be the company's last. Statement follows below:...

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