WASHINGTON, April 24 (Reuters) - U.S. bank regulators
announced Wednesday they were extending the comment period on
Capital One's bid to acquire Discover Financial to allow more
time for feedback.
The public will now have until May 31 to weigh in on the
pending $35 billion deal, which would create the sixth-largest
bank and a payments giant. Previously, comments were due by
April 26. The deal is expected to face regulatory scrutiny, as
Democratic President Joe Biden's administration has focused on
boosting competition in all areas of the economy.