Capital One

Credit performance stabilizes at Synchrony


After rising between 2016 and 2018, the card issuer's charge-off rates are now steady. The trend reflects both the impact of tighter underwriting standards and the continued resilience of U.S. consumers.


Sluggish loan growth hurts profits at Capital One


The McLean, Va.-based credit card issuer reported expense growth that rose faster than net interest income during the second quarter.


Core-banking crossroads, leaner Capital One, defending CECL: Top stories of the week


Questioning whether core-banking technology is nearing a 'big shake-up'; Capital One keeps closing branches, even as rivals open them; FASB chair defends CECL, saying 'the benefits justify the cost'; and more from this week's most-read stories.


Customers’ satisfaction with mobile apps is slipping, J.D. Power says


Huntington, Capital One and Citi are tops with consumers, but overall satisfaction scores have declined as users have been overwhelmed by the constant rollout of new features.


Capital One keeps closing branches, even as rivals open them


Other banks say they need to add branches to attract more deposits, but Capital One is sticking to its strategy of aggressively closing them and gathering the bulk of new deposits online.


Banks clear CCAR stress test — though JPMorgan Chase, Capital One barely


In a year where most of the 18 institutions taking the second round of the Federal Reserve's stress tests showed improvements over last year, JPMorgan Chase and Capital One were both forced to adjust their capital plans in order to meet the central bank's minimum thresholds.


Bank CIO’s mission: Getting out from under bad tech vendor contracts


Brad Goedken wants agreements for HarborOne Bancorp to include better protections, such as cost reductions if a service fails.


Capital One, Discover prepping for next downturn


The large credit card issuers are becoming more selective about who they are extending credit to and how much they are willing to lend, their CEOs said Tuesday.


Trump appeals Deutsche Bank, Capital One subpoena ruling


President Donald Trump doubled down on his fight to stop House Democrats from getting his financial records after losing two court battles this week, filing swift appeals in both cases.


This fintech says it can help financial advisers take on banks


Galileo Processing has created a digital banking product that seeks to provide wealth managers with the offering they generally lack: an in-house savings account that pays competitive rates.