New York probing whether Capital One-Discover merger violates antitrust law

Discover Financial Services

23/10/2024 17:38

NEW YORK, Oct 23 (Reuters) - New York Attorney General
Letitia James is investigating whether Capital One's  COF.N 
proposed takeover of Discover Financial Services  DFS.N 
violates the state's antitrust law.
    In court filings on Wednesday, James asked a state judge to
issue a subpoena to Capital One in connection with her probe.
    She said a merger could have a significant impact in New
York, with effects "particularly felt by the often vulnerable
New Yorkers with subprime credit scores." 

 (Reporting by Jonathan Stempel in New York)
 ((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters
Messaging: jon.stempel.thomsonreuters.com@reuters.net))