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Stock impact report

Regulators Give the Go-Ahead to Capital One-Discover Acquisition [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Some consumer advocacy groups had pushed regulators to block the transaction, arguing it would severely limit consumers' options. The resulting company will be the largest credit card company by customers' outstanding balances after the combination. Federal regulators approved Capital One's ( COF ) bid to become America's largest credit card lender, signing off on the company's purchase of Discover ( DFS ) on Friday. The merger will combine two of the industry's best-known names, making it the biggest credit card company when customers' outstanding balances are combined. Some consumer advocacy groups had pushed regulators to block the transaction, arguing it would severely limit consumers' options. However, the Federal Reserve and Office of the Comptroller of the Currency disagreed, determining that the credit card market would remain competitive after Capital One and Discover's merger. Their approval of the deal may lead to more banks buying each other, since the industry ha Show less Read more
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