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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: Capital One

Capital One stories: 10 news summaries

(Newser) - The Treasury Department has given 10 banks—including Goldman Sachs, JP Morgan, American Express, and Capital One—permission to repay their TARP loans, the Wall Street Journal reports. The government will recoup $68 billion faster than anticipated, but the money won’t go back into the public coffers; Tim... More »

MORE ABOUT:
Congress • Goldman Sachs • American Express • Treasury Department • Capital One • JPMorgan Chase • Troubled Asset Relief Program • TARP

Banks to Sell Stock to
Repay TARP


May 11, 09 11:43 AM CDT
(Newser) - Hoping to take advantage of the up market, Capital One, US Bancorp, and a handful of other financial institutions are planning to sell a combined $7 billion worth of stock, the Wall Street Journal reports. Some of the resulting funds would be used to repay TARP money, getting the... More »

MORE ABOUT:
stock market • Capital One • stock offering • TARP • US Bancorp

MARKET Open

 Stocks Slide on Grim Earnings 


Apr 22, 09 8:43 AM CDT
(Newser) - Stocks headed lower at the open today, thanks to another round of dour corporate earnings. The Dow fell 44 points, while the S&P and Nasdaq dropped 0.9% and 0.8% respectively. Morgan Stanley tumbled more than 8%, after reporting a quarterly loss, and slashing its dividend. Wells Fargo,... More »

MORE ABOUT:
stock market • Dow Jones • Nasdaq • corporate earnings • Capital One • S&P 500

MARKET Open

 Dow Dives Below 8,000 

Dow sees big-time dip

Jan 23, 09 8:47 AM CST
(Newser) - Stocks took a dive at the open, following big losses in Europe and more lousy earnings reports, the Wall Street Journal reports. The Dow tumbled 210 points to below 8,000, while the Nasdaq and S&P dove 2.1% and 2.6% respectively. Financials came under renewed pressure,... More »

MORE ABOUT:
stock market • General Electric • Nasdaq • Capital One • Dow • Harley Davidson • S&P 500 • Xerox

 Struggling AmEx Asks 
 Feds for $3.5B Infusion 

Credit card company is reeling as consumers cut back spending

Nov 12, 08 7:10 AM CST
(Newser) - Falling consumer spending and rising defaults have prompted American Express—which has seen its stock plunge 57% this year—to ask for $3.5 billion from the government’s $700 billion bailout fund, reports the Wall Street Journal. The company Monday received Federal Reserve approval to become a bank... More »

MORE ABOUT:
American Express • consumer spending • Capital One • financial crisis • Wall Street bailout

MARKETS

Dow Tanks on Consumer Woes

Index nosedives after more bad news about spending

Jan 11, 08 3:25 PM CST
(Newser) - The Dow plunged 246.79 points to 12,606.30 today as investors, worried about consumer spending, fled retailers and credit-card issuers. Analysts are concerned the mortgage crisis has finally hit pocketbooks, hurting credit, jobs, and public confidence, the Wall Street Journal reports.The Nasdaq slid 48.58 to close... More »

MORE ABOUT:
McDonald's • consumer • Dow Jones • American Express • Nasdaq • Capital One • Tiffany • MasterCard • Discover • S&P 500

MARKETS

Stocks Soar After Bumpy Ride

Streeters pleased with Bernanke speech, BofA news

Jan 10, 08 3:19 PM CST
(Newser) - The Dow finished up 117.78 points today, closing at 12,853.09 on signals from Fed chairman Ben Bernanke of interest-rate cuts to come and reports that Bank of America is in talks to buy home-loan giant Countrywide. It was a bumpy ride, though, as the key index was... More »

MORE ABOUT:
Bank of America • Dow Jones • Nasdaq • Countrywide • Capital One • S&P 500 • Harbinger Capital

Cap One
Cuts Earnings Forecast

Mortgage woes spread to
credit card, car loan giant

Jan 10, 08 6:46 AM CST
(Newser) - The nation’s largest independent credit card issuer, facing worsening loan troubles and a struggling US economy, says it will cut its 2007 profit forecast 20%. Capital One Financial 's news is another indicator that the mortgage crisis is infecting other loans, the Wall Street Journal notes; the company... More »

MORE ABOUT:
earnings reports • Capital One • subprime crisis

Americans Falling Behind on Credit Cards

Amount overdue on
US accounts surged
26% in October

Dec 23, 07 10:35 PM CST
(Newser) - It’s already looking like an iffy New Year for many credit-card holders: the number of Americans falling behind on their payments spiked sharply this year and analysts don’t expect 2008 to be much brighter. The value of credit card accounts at least 30 days late surged 26% in... More »

MORE ABOUT:
Bank of America • Federal Reserve • subprime mortgages • debt • credit card • Capital One • job market • default • Discover • home equity loans • refinanced mortgages • JPMorgan Chase

Countrywide Cuts 500 Jobs

Fallout from subprime crisis continues

Aug 21, 07 10:54 AM CDT
(Newser) - The nation's top home lender is cutting 500 jobs in its subprime mortgage units in response to the high-risk-lending mess. Before the cuts announced yesterday, Countrywide was actively hiring workers who had been fired from other companies, the LA Times reports. Meanwhile, Capital One said it will close the unit... More »

MORE ABOUT:
subprime mortgages • Greenpoint • home loans • Countrywide • Capital One • Washington Mutual

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