The Latest Breaking News from Capital One

Your child may have gotten cash from a milestone or job. Where should you keep their cash for them?

If the Capital One and Discover merger goes through, customers may have to deal with changing payment processing networks and higher interest rates and fees.

The companies are teaming up, in part, to expand their payment network. Discover is the smallest of the four U.S.-based payment networks, which also include Visa, American Express and Mastercard.

The proposed acquisition would create the biggest credit card company in the US.

US banking giant Capital One announced Monday it will acquire financial services company Discover in a $35.3 billion all-stock deal combining two of America's major credit card firms.

Capital One's acquisition of Discover Financial for billion will reshape the credit card market, offering enhanced financial solutions.

If negotiations proceed, Discover's value could surpass its current market valuation of $28 billion.

Capital One's potential acquisition of Discover Financial could reshape the financial industry landscape.

This credit card giant is attractively valued, pays a quarterly dividend backed by strong cash flows, and is set to deliver EPS growth well above the sector median. Here's a closer look at one finance sector stock the Oracle of Omaha scooped up in the midst of the regional bank…