Capital One of the US $ 35.5 billion US-approved intelligence

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The United States will connect two of America’s largest credit card creditors and has confirmed a $ 35.5 billion seizure of a transaction that will mark one of the largest bank units from the financial crisis since the 2008 financial crisis.

The Federal Reserve Department and the office of the currency comproler of the currency comproler on Friday announced the approval. OCA, “said the merger, in the community, the banking industry and the impact of the US financial system, he said.

Confirmation notes the first major bank combination for five years and notes an updated open openness for consolidation under the Trump management.

One or Illinois-based remains of Virginia-based capital RevealAgreed in 2024, US MPs and Biden met with a close investigation from the leadership, and greater consumer results warned the results of more consolidation.

Capital Discovery of the transaction intelligence card network and credit card networks a controversy that will improve competition against visas, MasterCard and American Express.

The United States has an unusual fragmented banking industry, and more than 4,000 banks and have faced regular calls for larger consolidation.

On Friday, the founder and chairman of the capital Richard Fairbank, called the “exciting moment” for two companies. “We understand the critical significance of a strong and competitive banking system to our customers and economy,” he said.

The Fed Council also said that in 2007-2023, in 2007-2023, including a fine of $ 100 million to be fined. OSC, approval approval, “The discovery is based on the capital that provides a corrective action plan to solve the root reasons for the denied execution action.”

Discover Interior CEO Michael Shepherd, the compound will be increased in the payment networks, will increase the sources of more products to our customers, will increase our sources and bring us the benefits of meaningful society. ” Companies expect to close the deal on May 18.