đź’¨ Abstract
Capital One and Discover are set to finalize their merger on May 18, 2025, becoming the sixth-largest U.S. bank. The deal, valued at $35.3 billion, has faced opposition due to concerns about reduced competition and potential harm to low-income consumers. However, experts suggest the merger could enhance customer benefits, including cashback rewards on debit cards, expanded access to fee-free checking accounts, and more ATMs and branches.
Courtesy: wtop.com
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