Capital One, community groups square off in public meeting on Discover deal

Capital One (COF.N), opens new tab CEO Richard Fairbank and other executives went head-to-head with critics of its Discover Financial Services (DFS.N), opens new tab deal at a public meeting Friday, in what some analysts said was a strong showing by the credit card lender.

Unveiled in February, the $35 billion deal would create the biggest U.S. credit card issuer by balances, the sixth-largest bank by assets, and would give Capital One control of Discover’s card payment network, the fourth major payment network operator.