[ TRANSACTION RECORD ]

Capital One Financial Corp Investment in Capital One Payment Network — 2024

VERIFIED VECTOR ID: 002194 · tx-290
M SOURCE NODE — FUNDER
Capital One Financial Corp
Finance United States
$35,000,000,000
EQUITY
19/02/2024
Q DESTINATION NODE — RECIPIENT
Capital One Payment Network
SPV United States
Amount (USD)
$35.0B
Flow Type
EQUITY
Transaction Date
19/02/2024
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity Capital One Financial Corp
AUM 55000
HQ Location United States
Sector Finance
Recipient Profile [ Q ]
Entity Capital One Payment Network
Entity Type SPV
Jurisdiction United States
Intelligence Note

Capital One Financial announced a 35 billion dollar agreement to acquire Discover Financial Services to create a global payments giant and credit card network. This transaction is expected to enhance Capital One’s scale and ability to compete with the largest U.S. banks. This deal represents a significant consolidation in the financial services sector and digital banking infrastructure.

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Primary Forensic Source https://www.capitalone.com/about/newsroom/capital-one-to-acquire-discover/
✓ SOURCE LINKED