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Capital One Financial Corp. (NYSE: COF) is a McLean, Virginia-based bank holding company specializing in credit cards, home loans, auto loans,
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Wikipedia
Capital One
From Wikipedia, the free encyclopedia
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Capital One Financial Corporation
Type
Public (NYSE: COF)
Founded
Richmond, Virginia 1988
Headquarters
McLean, Virginia, USA
Key people
Richard Fairbank, CEO
Gary Perlin, CFO
Industry
Financial Services
Products
Credit Cards, Loans, Savings
Revenue
$15.19 billion USD (2006)[1]
Operating income
$4.93 billion USD (2006)[1]
Net income
$1.57 billion USD (2007)[2]
Employees
31,800 (2006)[1]
Website
www.capitalone.com
Capital One Bank in Wake Village, Texas
Capital One Financial Corp. (NYSE: COF) is a McLean, Virginia-based bank holding company specializing in credit cards, home loans, auto loans, banking, and savings products. A member of the Fortune 500, the company helped pioneer the mass marketing of credit cards in the early 1990s, and it is now the fourth largest customer of the United States Postal Service.[3]
Capital One was founded in 1988 by Richard Fairbank and Nigel Morris as a spin-off of Richmond, Virginia-based Signet Banking Corp (which was subsequently acquired in 1997 by First Union Corp.).
Capital One entered the retail banking market with its acquisition of New Orleans, Louisiana-based Hibernia National Bank in 2005 and Melville, New York-based North Fork Bancorporation in 2006. North Fork Bank and Superior Savings of New England, both subsidiaries of North Fork Bancorporation, began using the branding of Capital One Bank on March 10, 2008.[4][5]
Capital One responded to the 2007 subprime mortgage financial crisis by jettisoning its mortgage platform, GreenPoint Mortgage, due in part to investor pressures.
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