New York AG investigates Capital One's $35.3B Discover acquisition for potential antitrust concerns.

New York Attorney General Letitia James is investigating Capital One's $35.3 billion acquisition of Discover Financial Services, seeking to issue subpoenas after Capital One denied waiving federal confidentiality protections. This antitrust probe will evaluate the merger's effects on competition, consumer choice, and financial services quality. The investigation might influence how future financial sector mergers are assessed, amid criticisms from Congresswoman Maxine Waters.

October 23, 2024
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