Capital One, an American bank holding company specializing in credit cards, auto loans, banking, and savings accounts, agreed to acquire Discover, an American financial services company that owns and operates Discover Bank, for $35.3bn. "The transaction with Capital One brings together two strong brands with enhanced ability to accelerate growth and maximizes value for our shareholders, enabling them to participate in the tremendous upside of the combined company. This agreement underscores the strength of our business and is a testament to the hard work of Discover employees. We look forward to a bright future as part of the Capital One family and to providing expanded opportunities for our loyal customers," Michael Rhodes, Discover CEO and President.