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Stock Market & Financial Investment News

News Breaks
November 8, 2012
13:07 EDTCOFCapital One has significant loan exposure in states impacted by Hurricane Sandy
In a regulatory filing Capital One said: "On October 29,, Hurricane Sandy made landfall on the New Jersey coast. The Federal Emergency Management Agency, FEMA, has given a Major Disaster Declaration to coastal counties in Connecticut, New Jersey and New York. Other counties in those states and in other states in the Northeast and Mid-Atlantic also experienced varying, although lesser, damage and disruption from the storm. We have significant consumer and commercial loan exposure in Connecticut, New Jersey and New York, the states with the most severe FEMA disaster declarations".
News For COF From The Last 14 Days
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February 25, 2015
10:38 EDTCOFCapital One says cooperating with anti-money laundering probe
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February 20, 2015
10:47 EDTCOFNY AG says Santander Bank to adopt new policies regarding use of ChexSystems
New York Attorney General Eric T. Schneiderman announced that Santander Bank, N.A. (SAN) has agreed to adopt new policies governing its use of ChexSystems, a consumer-reporting agency that screens people seeking to open checking or savings accounts. Santanderís new policies are expected to allow thousands of additional New Yorkers and consumers nationwide to open bank accounts by September 30. The change comes amid concerns that screenings by ChexSystems and other consumer-reporting agencies, which are used by most of the nationís banks, adversely affect lower-income applicants and force them to turn to high-cost alternative financial services like check-cashing outlets. With this agreement, Santander now joins Capital One (COF) and Citibank (C) as the third bank to commit to overhaul its use of ChexSystems. The three banks operate a combined 613 branches across New York State and 2,822 branches nationwide.
February 17, 2015
06:05 EDTCOFCapital One reports January net charge-off rate 3.57% vs. 3.53% last month
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February 12, 2015
11:17 EDTCOFEnd of Costco pact sinking shares of American Express
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