Items Tagged with 'Capital One Financial'


  • Capital One consumer direct lending team finds new home at Flagstar

    Rocky Stubbs takes team from Capital One to Flagstar
    When Capital One suddenly announced last year that it planned to exit its mortgage and home equity originations business, not much was known about what would happen to the more than 900 employees that would be laid off as a result of Capital One’s decision. Well, it turns out that a small percentage of those employees will be moving over to Flagstar Bank.
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  • Stress Tests End; Raising Money Begins

    The wait is over. Stress test results reveal nine of the nation's 19 largest banks successfully endured the government's testing and will not require any additional capital, while the other 10 banks must boost capital levels by a collective total of $74.6bn, in order to comply with government standards, said the Federal Reserve this afternoon. Bank of America [stock BAC][/stock] stands the front-runner, requiring $33.9bn in fresh capital, followed by Wells Fargo [stock WFC][/stock] who must raise $13.7bn in new capital.
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  • Capital One Cuts Fourth Quarter Outlook; GreenPoint an Earnings Drag

    Capital One Financial said today that mortgage-related charges will push the largest independent credit card issuer in the U.S. below its original earnings outlook. The company said it expects to report fourth quarter earnings of $0.60 per share and full year earnings of $3.97 per share -- a drop of nearly 20 percent from earlier guidance of $5.00 per share.
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