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Al Jazeera
Al Jazeera
Business

US banking giant Capital One to buy Discover Financial for $35.3bn

Capital One Discover United States Michael Rhodes
Capital One's CEO described the deal as an 'incredible opportunity to bring together two exceptional companies' [Joe Raedle and Scott Olson/Getty Images via AFP]

Banking giant Capital One has announced plans to acquire Discover Financial Services for $35.3bn in a deal combining two of the United States’s biggest lenders and credit card issuers.

Capital One founder and CEO Richard Fairbank described the deal as an “incredible opportunity to bring together two exceptional companies”.

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