The pending merger between Capital One and Discover Financial services received approval from several regulators Friday, bringing the $35 billion tie-up closer to completion.

Capital One's $35.3 billion acquisition of Discover received its final approval, clearing the way for a megamerger that reshapes the credit card and payments industry. The Federal Reserve's board approved the deal on Friday,

NEW YORK >>U.S. banking regulators said today they approved Capital One’s $35.3 billion purchase of Discover Financial Services, paving the way for the combined firms to become the nation’s eighth-largest bank.