Walmart Sues Capital One over Credit Card Partnership Contract
Walmart has filed a lawsuit against Capital One in the Southern District of New York, accusing the bank of failing to meet the terms of their partnership contract. As a result of this lawsuit, shares of Capital One have dropped by over 4% in pre-market trading. According to sources, Walmart executives had requested renegotiation of some terms of the deal, which runs until 2026. Capital One reportedly did not accept the demands, leading to Walmart's decision to end their consumer credit card agreement. Capital One's Response According to a Capital One spokesperson, the "immaterial servicing issues were cured by Capital…
