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U.S. bank regulators extend comment period on Capital One-Discover deal
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U.S. bank regulators extend comment period on Capital One-Discover deal
Apr 24, 2024 12:13 PM

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.

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