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Capital One is buying Discover to create a huge internal processing network in addition to issuing third party cards: https://www.wsj.com/finance/capital-one-is-buying-discover-financial-sources-say-a7c43dd2
*Disclosure: I formerly owned stock in Discover, but do not now.
#finance #personalfinance #credit #creditcards #discover #capitalone #banks #banking #wsj #wallstreetjournal #annamariaandriotis #laurenthomas #consolidation