NEW YORK -- Capital One announced it's acquiring Discover Financial Services for $35.3 billion in an all-stock deal, giving the bank a leg up in the competitive credit card market. Under the terms of ...

Send a note to Maisha Shahid, Taylor Medine and our other editors. We read every email. By submitting this form, you agree to allow us to collect, store, and potentially publish your provided ...

Capital One Financial's application to acquire Discover Financial Services has officially been approved by the Federal Reserve and the Office of the Comptroller of the Currency. Capital One announced ...

Capital One’s acquisition of also-ran credit card merchant Discover will take advantage of a lucrative exemption in federal law that could prove to be billionaire CEO Richard Fairbank’s crowning ...

Dashia is the consumer insights editor for CNET. She specializes in data-driven analysis and news at the intersection of tech, personal finance and consumer sentiment. Dashia investigates economic ...

Discover cards are currently not available on CNBC Select and links have been redirected to our credit card marketplace where you can review offers from other issuers like American Express or Chase.

Dashia is the consumer insights editor for CNET. She specializes in data-driven analysis and news at the intersection of tech, personal finance and consumer sentiment. Dashia investigates economic ...

UPDATE: This story includes commentary from Capital One's earnings call and from analysts' notes. Capital One Financial reported a net loss of $4.3 billion in the second quarter as expenses related to ...