The Fed - Capital One-Discover Application and related materials
Capital One's Response to the Federal Reserve's Third Request for Information (June 14, 2024) (PDF) Additional Information Request Related to the Application by Capital One Financial Corporation to Acquire Discover Financial Services (July 5, 2024) (PDF)
Capital One-Discover Deal Hits Roadblock in Bank Merger Overhaul
The OCC and the Federal Reserve are the two federal banking regulators charged with reviewing the Capital One-Discover tie-up. The OCC is charged with approving the deal at the bank level while the Fed must approve the action by the two holding companies.
The Fed 101: What is the Federal Reserve? - Capital One
Sep 4, 2024 · Unsure what exactly the Federal Reserve is and what it does? Learn more about the purpose of the Federal Reserve and how it affects your daily life.
Agencies Announce Public Meeting on Proposed Acquisition by Capital One …
May 14, 2024 · The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) today announced a joint public meeting on the proposal by Capital One Financial Corporation, of McLean, Virginia, to acquire Discover Financial Services, of Riverwoods, Illinois.
Federal Reserve Board - Agencies announce public meeting on …
May 14, 2024 · The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) today announced a joint public meeting on the proposal by Capital One Financial Corporation, of McLean, Virginia, to acquire Discover Financial Services, of Riverwoods, Illinois.
DOJ examines Capital One-Discover deal’s competitive angle
Apr 26, 2024 · Capital One is in contact with the Justice Department over the bank’s proposed acquisition of Discover, as the DOJ advises bank regulators that are reviewing the deal with an eye toward competition, Capital One CEO Richard Fairbank said Thursday.
Bank regulators crack down on Capital One after its massive data …
Aug 6, 2020 · The US government and Federal Reserve on Thursday took action against Capital One in response to the bank’s massive 2019 data breach.
Capital One-Discover deal critics, supporters sound off
Jul 19, 2024 · If the deal for McLean, Virginia-based Capital One to buy Riverwoods, Illinois-based Discover is approved by the Fed and OCC, which who hosted Friday’s meeting, the tie-up would create the largest credit card issuer in the U.S.
Capital One-Discover emerging as key proof point of Fed merger …
Sep 23, 2024 · Legal and policy experts say the pending $35 billion combination of Capital One and Discover Financial Services could demonstrate how the Fed is thinking about mergers in light of reforms at the FDIC, OCC and DOJ. Even if the Fed reaches the same conclusion as the other reviewing agencies, how it gets there could be telling.
Mar 20, 2024 · BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM for prior approval for CAPITAL ONE FINANCIAL CORPORATION to acquire DISCOVER FINANCIAL SERVICES pursuant to Section 3 of the Bank Holding Company Act and Section 225.15 of Regulation Y March 20, 2024