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GuruFocus Updates (Free subscription) | 21/10/2008
Time has been tough for value investors. David Williams, manager of Columbia Value and Restructuring Fund had a loss of 28% year to date as of Sept. 30, although his fund averaged 9.1% a year over the past 10 years. These are his buys and sells over the third quarter. David Williams buys Goldman Sachs Group Inc., Copart Inc., Entergy Corp., GeneLink Inc., sells Capital One Financial Corp.,...
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Business Wire (Free subscription) | 01/12/2008
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Capital One Financial Corp. (COF) and its subsidiaries at 'A-'. The Rating Outlook is Stable. Approximately $112
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The Business Journal of the Greater Triad Aera (Free subscription) | 20/11/2008
McLean, Va.-based Capital One Financial Corp. (NYSE: COF) is on the short list of financial firms courting Chevy Chase, according to Reuters. It says Citigroup (NYSE: C) and JPMorgan Chase (NYSE: JPM) are also among final bidders, citing people familiar with talks. (COF) (C) (JPM) (STI) (BBT)
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LA Times (Free subscription) | 19/11/2008
... analysts and watchdogs said.The signs of the squeeze on consumers are accumulating. Last spring, Capital One Financial Corp. notified customers who had made no transactions in three years or more that their accounts would be closed. On Nov. 1, Discover Financial Services removed its cap on balance-transfer fees. Average late fees on all cards have gone up about 10% in the last year,...
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Reuters UK (Free subscription) | 19/11/2008
... with possibly the highest credit card losses the industry has ever experienced," Bank of America Corp (BAC.N: , , ) Chief Executive Kenneth Lewis said in Detroit this week.The desire to thaw credit markets and boost lending is the reason the U.S. Treasury Department threw hundreds of billions of taxpayer dollars at Bank of America, JPMorgan Chase & Co (JPM.N: , , ), Citigroup Inc (C.N: ,...
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LA Times (Free subscription) | 18/11/2008
... analysts and watchdogs said.The signs of the squeeze on consumers are accumulating. Last spring, Capital One Financial Corp. notified customers who had made no transactions in three years or more that their accounts would be closed. On Nov. 1, Discover Financial Services removed the cap it used to have on balance-transfer fees. Average late fees on all cards have gone up about 10%...
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CNNMoney.com (Free subscription) | 18/11/2008
... Ga.-based SunTrust Banks () received $3.5 billion, as did Birmingham, Ala.-based Regions Financial Corp (). The government bought $3.56 billion worth of stock from Capital One Financial Corp. () based in McLean, Va., received $3.56 billion. The smallest amount of $9 billion went to Los Angeles-based Broadway Financial Corp.The first round included $25 billion injections...
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Subprime Blogger (Free subscription) | 09/11/2008
Due to the overwhelming popularity of the post, “Is a Credit Card Bailout Next'” there will be followup posts this week portraying the current financial situation of each of the major credit card companies. Today we will dig deep into the financial statements of Capital One Financial Corp (COF). We all know the catchy commercials, [...]
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Boston Globe (Free subscription) | 04/11/2008
... Court last month heard final arguments in cases against Toys Inc., operator of Toys "R" Us, and Capital One Financial Corp. And yesterday a state Appeals Court heard the state's case against TJX Cos.These are being closely watched around the country, as other states seek to curb strategies that companies use to lower tax bills. Some of the biggest names in corporate America are fighting...
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LA Times (Free subscription) | 05/11/2008
... most of the leading credit card issuers, including JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Capital One Financial Corp.The banks are proposing that consumers who qualify for partial debt forgiveness be given five years to pay off their remaining balances, rather than the current three to six months.They're also proposing that consumers not have to pay...
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Reuters (Free subscription) | 04/11/2008
... do not issue cards, unlike issuers such as American Express Co (AXP.N: , , , ), Bank of America Corp (BAC.N: , , , ), Capital One Financial Corp (COF.N: , , , ), Citigroup Inc (C.N: , , , ) and JPMorgan Chase & Co (JPM.N: , , , ).But transaction and dollar volume may decline as card holder curb spending, cutting into the companies' fees from processing transactions. MasterCard...
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Reuters UK (Free subscription) | 04/11/2008
... they do not issue cards, unlike issuers such as American Express Co (AXP.N: , , ), Bank of America Corp (BAC.N: , , ), Capital One Financial Corp (COF.N: , , ), Citigroup Inc (C.N: , , ) and JPMorgan Chase & Co (JPM.N: , , ). But transaction and dollar volume may decline as card holder curb spending, cutting into the companies' fees from processing transactions. MasterCard...
