Political factors heavily influenced the merger negotiations between Capital One and Discover, with concerns about the Biden administration and the potential return of Trump affecting timing considerations.
As executives navigated the tense discussions over the merger, they found themselves weighing how quickly to move forward, caught between the political landscape and regulatory impacts on their fortunes.
Wall Street is currently gripped by anxiety amid the presidential election, with both candidates pledging to reform practices in the financial sector, fueling uncertainty in market reactions.
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