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Stock Market & Financial Investment News

News Breaks
June 27, 2014
06:27 EDTCOFCapital One added to Priority Stock List at Wells Fargo
Wells Fargo added Capital One to its Priority Stock List citing the rebound in revolving credit growth. Wells finds shares attractively valued and keeps an Outperform rating on the name.
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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