Capital One

Tax hits, deposit wars, paydown blues: A 4Q preview

12/07/17

It’s only early December, but bank CEOs’ comments this week about tax reform, their thirst for deposits, consumer lending initiatives, and challenges in commercial lending offer a sneak peek at what’s coming when earnings season begins next month.

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What U.S. banks can learn from global AI experiments

11/29/17

Virtual assistants at banks in Israel, Canada and Hong Kong are getting smarter thanks to artificial intelligence.

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Banks are increasingly turning to open source projects. Here’s why.

11/15/17

It’s not about saving money. The current allure of open source development is more about attracting talented developers and creating high-quality software.

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Capital One to exit mortgage originations, cut 1,100 jobs

11/07/17

Capital One Financial will stop originating mortgage and home-equity loans after competition made it difficult for the businesses to be profitable.

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The battle over bank customer data may finally be over

11/06/17

Guidance from the CFPB and reduced friction between banks, fintechs and data aggregators are easing bank-fintech partnerships at Wells Fargo, Capital One and others.

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Auto lenders brace for losses from Harvey, Irma and Maria

10/25/17

The hurricanes destroyed hundreds of thousands of cars, and banks are significantly boosting their reserves in anticipation of higher defaults on auto loans. But there is also a silver lining for auto lenders.

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Rising defaults weigh on Capital One's 3Q profit

10/24/17

The McLean, Va., company dialed back its lending in the quarter as credit quality in several business lines weakened.

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Capital One plans layoffs in U.S. credit card unit

09/29/17

The McLean, Va.-based company would not say where the jobs are based or how many positions are being eliminated. They come as Capital One's investments in digital technology are yielding efficiency gains.

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Growth-minded banks' challenges: soft loan demand, weaker credit quality

09/11/17

CIBC's Victor Dodig has big plans for the U.S., but other bank execs speaking at an investor conference Monday warned of risks in certain sectors.

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Three fears for banks that share customer data with Facebook, Amazon

08/29/17

Can the internet giants peek at bank data, or eavesdrop on conversations with customers, sent over their gadgets? Here are the facts and the fuzzy areas.

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