Discover Financial Services has announced a significant regulatory development following its merger with Capital One. As part of the merger agreement, Discover will no longer fulfill the listing requirements of the New York Stock Exchange $(NYSE)$. Consequently, the company has notified the NYSE to suspend trading of Discover Common Stock and remove its listing. Additionally, Discover intends to file certifications with the Securities and Exchange Commission $(SEC.UK)$ to deregister its common stock and suspend its reporting obligations under the Exchange Act. This move follows the merger process where Discover merged into Capital One, resulting in Discover ceasing to exist as a separate entity.
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