(COF)

The COMEX closed today's session climbed +3.3% today to a current spot price of $3426 per ounce -- a new record high.

Capital One Financial's (COF 0.95%) planned acquisition of Discover Financial Services (DFS 3.22%) has received regulatory approval, and investors are breathing a sigh of relief.

Shares were climbing after regulators approved a merger between two of the biggest U.S. credit-card issuers.

The pending merger between Capital One and Discover Financial services received approval from several regulators Friday, bringing the $35 billion tie-up closer to completion.

Capital One and Discover Financial Services said Friday (April 18) that they have received all required regulatory approvals to complete Capital One's proposed acquisition of Discover.

Federal regulators approved Capital One's (COF) bid to become America's largest credit card lender, signing off on the company's purchase of Discover (DFS) on Friday.

The deal joins two of the largest credit card companies that aren't banks first, like JPMorgan and Citi, with the notable exception of American Express.

Acquisition expected to be completed on 18 May after Federal Reserve and currency comptroller sign off on deal

Capital One Financial's application to acquire Discover Financial Services has officially been approved by the Federal Reserve Board and the Office of the Comptroller of the Currency. Capital One anno...

The deal expands Capital One's reach and gives it a card network.