Capital One's proposed acquisition of Discover Financial Services is generating significant discussion about its potential impact on the credit card market. Critics argue that the deal could increase market concentration to potentially anti-competitive levels, particularly if subprime borrowers are considered separately. However, proponents, including Sheila Bair, believe the merger could enhance competition by challenging established giants like JPMorgan Chase, Visa, and Mastercard.
How the Capital One/Discover deal could boost competition - column here from @SheilaBair2013 who argues a merger would provide a greater challenge to entrenched behemoths such as JPM, Visa and Mastercard https://t.co/YfpGhdXVZJ
How the Capital One/Discover deal could boost competition https://t.co/9gitt93o59 | opinion
A recent criticism of the proposed Capital One acquisition of Discover Financial Services is that the deal would raise the concentration of the credit card market to a level that is potentially anti-competitive, if subprime borrowers were considered in a separate category. 🧵 1/4
How the Capital One/Discover deal could boost competition https://t.co/lqFvuch0kC
Breakingviews - Capital One scales banking’s Mount Improbable https://t.co/FxpBurCD4e https://t.co/FxpBurCD4e