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Capital One's proposed $35.3 billion merger with Discover Financial is positioned as a move to enhance competition and financial stability, according to statements made to regulators. This announcement comes as the U.S. Federal Deposit Insurance Corporation (FDIC) prepares to introduce a new policy proposal aimed at regulating mergers among banks. The initiative, reported by multiple sources including the Financial Times, seeks to establish new limits on mergers involving large banking institutions. This development is part of broader regulatory efforts to address concerns over banking sector stability.