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Capital One Financial Corporation is an American bank holding company founded on July 21, 1994, and specializing in credit cards, auto loans, banking, and savings accounts, headquartered in McLean, Virginia with operations primarily in the United States. [2]
Richard Dana Fairbank (born September 18, 1950) [1] is an American billionaire businessman who co-founded Capital One with Nigel Morris in 1988. [2] [3] He was on the board of directors of MasterCard International from 2004 to 2006.
During Morris's ten-year tenure while he served as President, Capital One's net income after taxes (NIAT) grew at a compound annual rate of more than 32%. [citation needed] He left the bank in 2004, shifting to venture capital investing. [9] In 2007 Morris founded QED Investors with CIO Frank Rotman. [11]
Capital One Chief Executive Officer Richard Fairbank told analysts during the company's third-quarter earnings call that "the U.S. consumer remains a source of relative strength in the overall ...
Capital One Financial Corporation is a bank holding company that owns Capital One Bank and other subsidiaries that manage banking, loans and credit cards for customers in the U.S., Canada and the ...
Capital One has a market cap of $52.2 billion and shares of the company are up 4.6% in 2024. Bloomberg News reported Monday that Capital One was considering the Discover acquisition.
The two then took over Commercial Credit, a consumer finance company, from Control Data. At age 30, Dimon was appointed chief financial officer , [ 16 ] helping turn around the company. In 1998, through a series of mergers and acquisitions, Dimon and Weill formed a large financial services conglomerate: Citigroup .
After Capital One generated $8.5 billion in credit card ... CCB was founded in 1997 as a community bank serving Washington State. ... banked by CCB. Though the company reportedly lost 10 clients ...