Capital One is buying Discover for $35 billion, in a deal that would bring together two of the nation's biggest lenders and credit card issuers.
Virginia-based Capital One was the 12th largest U.S. bank as of the third quarter, with $471.4 billion in total assets and $346 billion in deposits, according to S&P Global. Illinois-based Discover was the 33rd biggest, with $143.4 billion in assets and $104 billion in deposits.
Discover has been operating under heightened scrutiny from regulators. Some analysts say the regulatory issues may have prompted the sale.
Cre: ABC News
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