Great Places to Work & Acquisition Impact

Capital One's acquisition of Discover has strong strategic rationale Combines Capital One's scale in credit cards and banking with Discover's vertically integrated global payments network Enhances Capital One's ability to compete with the nation's largest banks in credit cards and banking Leverages Capital One's investments in technology, risk management, and compliance across a larger enterprise Brings together two franchises with loyal customers and award-winning products and experiences Delivers compelling financial returns 4

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