8 months ago
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Senator says $35bn deal merging two of the largest US credit card firms would ‘threaten financial stability’ and reduce competition
Senator Elizabeth Warren has urged regulators to block Capital One’s $35bn takeover of Discover Financial, arguing that combining two of the US’s largest credit card companies would harm consumers and challenge financial stability.
The blockbuster deal would inevitably lead to higher costs and fees for cardholders, according to the leftwing senator.
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