Capital One Financial Corp. has decided to shut down the home equity and refinance operations it inherited through its acquisition of Discover Financial Services, the company confirmed this week.

The decision comes roughly two months after Capital One finalized its all-stock, $35.3 billion acquisition of Discover, originally announced in February 2024. Home Equity Lending News first reported on the topic.

Under the terms of the deal, Capital One shareholders now own 60% of the combined company, with the remaining 40% held by Discover shareholders. The transaction also included the indirect acquisition of Discover Bank.

A Capital One spokesperson said the company “conducted an details ⇒

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