Key regulators approve merger of Capital One and Discover

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http://abc12.com/news/business/key-regulators-approve-merger-of-capital-one-and…

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There could very soon be a new biggest credit card company in the United States. Capital One received approval from the Federal Reserve's Board of Governors and the Office of the Comptroller of the Currency to acquire and merge with Discover Financial Services, the agencies announced Friday. To get full approval, Capital One must provide the OCC with a plan "to address the underlying root causes of any outstanding enforcement actions against Discover Bank and plans for remediation of harm." The all-stock deal, first announced over a year ago, would...