All financial regulatory approvals have been obtained, and Capital One is expected to finalize its merger with Discover Financial Services (DFS) on May 18, 2025. The companies announced their deal in February 2024. At that time, it was an all-stock transaction valued at $35.30 billion. Outstanding enforcement actions against Discover relating to fees charged merchants to accept Discover cards must still be settled. The Federal Reserve says that Discover should pay $1.23 billion in restitution for overcharging merchants as well as a fine of another $100 million. Post-merger, Capital One w...