The merger, announced last year, would mark the establishment of the largest U.S. credit card company by balances if it goes ...

Capital One Financial Corp got a greenlight from the Justice Department for its proposed acquisition of Discover Financial ...

The department, during the Biden administration, initially said it had concerns about the merger of two of the largest credit card companies in the U.S.

The merger cleared a major regulatory hurdle as the Justice Department told financial regulators in a confidential memo that it didn’t have sufficient evidence to block the transaction.

Merger arbitrageurs overplayed their Trump card. Hedge funds that bet on pending deals rapidly narrowed the gap between ...

The new pay package for interim CEO J. Michael Shepherd includes a $2.4 million bonus if the deal closes by June 30.