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Capital One-Discover approval a bad move by Trump administration, US senator says

( April 18, 2025, 18:05 GMT | Official Statement) -- MLex Summary: US Senator Elizabeth Warren issued a statement against the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency's decision to approve Capital One's merger with Discover, stating it is a bad deal for consumers. "Today Wall Street initiates the newest member of its Too-Big-Too-Fail club at the expense of working Americans and our nation’s financial stability — a daily theme of the Trump Administration,” Warren said.See full statement below....

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