Pressures on major mergers and acquisitions could collapse blockbuster Capital One-Discover deal.
Mergers and acquisitions (M&A) are an integral part of investment banking infrastructure, but pressure on major moves could cost prospective business ventures at the highest level.
Capital One and Discover’s blockbuster banking deal is one such merger that faces intense pressure from advocacy groups to scrutinize the fine print.
The $35.3B deal would allow the banking giant Capital One to absorb one of the credit world’s best-known assets in Discover, after a turbulent 2023. However, 30 advocacy groups have spoken out and urged the Justice Department to step in to kick the tires.
A letter from the advocacy groups, postmarked
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