Sen. Elizabeth Warren (D-MA) is calling for federal regulators to stop Capital One from buying its competitor Discover, calling the deal “dangerous.”
The all-stock deal was announced on Monday. The massive buyout would cost $35 billion and result in the largest U.S. credit card company by loan volume. While shares of Discover surged in response to the news, some, like Warren, said such a merger would be anti-competitive.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.