Let's ask the Canadian about regulations in the US. You're listening to

Motley Full Money. money. I'm Ricky Mollveyvey joined today by the aforementioned Jim Gillies.

Jim thanks for being here.

Thanks Ricky for that intro.

Let's indeed ask me those questions.

Well, I, the story of this morning that is unavoidable is that Capital One wants

discover.

And there will be questions among U.S. regulators because headlines are acting like this is a done deal.

Let's set the terms out first though.

It's a $35 billion all stock deal.

The combo would surpass

JP Morgan Chase in Citigroup by Credit Card volume according to

Bloomberg. First and foremost, why does Capital One want this business?

Well, they want it to, I mean, the famous, the famous or infamous word I guess would be scale you

know discover is the smallest of the four US major global payment networks

so they're about to get bigger they want to leverage the

investments they being capital one the leverage the investments in their

network they've put down for the last decades and and they can do that by

getting larger very quickly with as you say an all

stock deal they are claiming and you know you should always you should always

look at these claims with a very healthy dose a very healthy

shaker of salt let's put it that way they're claiming that they'll be

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