Search Results for "Capital One"
3 results for "Capital One"
Deals 3
Capital One Acquires Fintech Brex for $5.15 Billion
Capital One announced the acquisition of Brex Inc. for $5.15 billion in a cash-and-stock deal. The acquisition targets Brex's corporate card, spend management, and AI-driven expense automation platform. The deal strengthens Capital One's position in business payments and embedded finance for startups and growing firms.
Capital One Receives Conditional Approval to Acquire Discover Bank
Federal regulators conditionally approved Capital One's acquisition of Discover Bank, while simultaneously penalizing Discover $100 million. This deal combines two major card-issuing banks and has significant implications for the payments and BaaS landscape. The merger creates a combined entity with substantial scale in cards and payments infrastructure.
Capital One Announces $35 Billion Merger With Discover Financial
Capital One proposed a $35 billion merger with Discover Financial, which would create the nation's largest credit card issuer with 19% market share. The deal forced regulators to confront outdated bank merger policies unchanged for nearly 30 years. It highlighted consolidation pressures affecting the fintech-banking ecosystem.