Capital One

Capital One triples loan-loss provisions on pandemic, oil decline


The company reported a loss of $1.3 billion in the first quarter after setting aside more than $5.4 billion for potential loan losses.


Coronavirus forcing banks to retool summer internships


Reluctant to cancel what have become pipelines for developing talent, banks are delaying start dates or moving programs entirely online.


How the coronavirus crisis is upending auto lending


Closed showrooms, temporary bans on repossessions and a sudden spike in unemployment have dimmed the prospects of a sector that has boomed since the last recession.


Capital One moves summer internships online in coronavirus response


About 1,000 interns were notified of the change this week. They will still receive the pay and housing funds outlined in their original offer letters.


Capital One asks employees to work from home to fight virus


Capital One Financial Corp. requested that its employees work from home if they can, joining other companies in trying to stem the spread of the deadly coronavirus.


JPMorgan hires Capital One’s Haus to lead digital technology


Gill Haus oversaw efforts to transform Capital One from a bank to a software company by upgrading legacy technologies, moving systems to the cloud and experimenting with different ways of using data.


Banks are raising credit card limits without asking customers


It might sound like a risky strategy at a time when millions of Americans are drowning in debt, but that's exactly what big banks have been doing lately.


Wells Fargo making progress with customers: J.D. Power


TD Bank claimed the top spot in J.D. Power’s national bank satisfaction survey, but Wells Fargo showed the greatest year-over-year improvement.


Falling used-car prices pose risk to auto lenders: Capital One CEO


The average price of a previously owned car has fallen in two consecutive months, and if the trend continues, lenders could see losses mount, Richard Fairbank said this week.


Trump loses appeal over Capital One, Deutsche Bank subpoenas


The ruling by a three-judge panel means the president will lose control of his long-secret business and personal records at the two banks unless the full court reconsiders or the U.S. Supreme Court blocks the decision.