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Capital One-Discover merger approved by US Fed, OCC; state AGs are wild card

By Curtis Eichelberger ( April 18, 2025, 18:17 GMT | Insight) -- The US Federal Reserve Board and the Office of the Comptroller of the Currency both approved Capital One’s acquisition of Discover Friday, and the companies said they plan to close the $35.3 billion merger on May 18. What’s unknown is whether a group of state attorneys general, including those in New York and California, will sue to block the merger independent of federal government bank and antitrust regulators.The US Federal Reserve Board and the Office of the Comptroller of the Currency both approved Capital One’s acquisition of Discover Friday, and the companies said they plan to close the $35.3 billion merger on May 18....

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