भिडियो हेर्न तल को बक्समा क्लिक गर्नुहोस
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{Even though many|Although many|Although} other monolines were {obtained|attained|bought} by larger, diverse {banking institutions|banking companies|finance institutions}, Capital One expanded into retail banking with a give attention to subprime customers. {It was|This is} accomplished through the purchase of several retail banks. Capital {1|A single|One particular} acquired New Orleans, Louisiana-based Hibernia National Bank in 2005, Melville, New York-based North Fork Bancorporation,[18][19] and Chevy Chase Bank in 08.[20][21]
{Throughout the|Through the} {3 years ago|the year of 2007} subprime mortgage {economic crisis|financial meltdown|financial disaster}, Capital One closed its {home loan|mortgage loan} platform, GreenPoint Mortgage, {credited|scheduled|anticipated} in part to {trader|buyer|entrepreneur} pressures.[22][23] Capital One Financial {Company|Organization|Firm} received US$3. 56 {billion dollars|million} from the Emergency {Financial|Economical|Monetary} Stabilization Act of 08.[24][25] {Upon|About|In} June 17, 2009, Capital One finished buying {back again|again} the stock the company issued to the Circumstance. S. Treasury paying a total of US$3. 67 billion.[26] The U. S. Securities and Exchange Commission has belittled Capital One's conduct during the crisis, claiming that the company failed to provide accurate reporting of the losses they {sustained|received|suffered}. Capital One was required to pay $3. 5 million in penalty, but has not been {necessary to|needed to|instructed to} directly address the accusations of wrongdoing.[27]
In June 2011, ING {declared|released} the sale of {the|their|it is} American ING Direct {department|section|split} to Capital One for cash and shares {well worth|worthy of|worthwhile} US$9 billion.[28] On August 26, 2011, the Federal Reserve {Table|Panel|Plank} of Governors announced it would hold public proceedings on {the main city|the administrative centre} One {purchase|buy|obtain} of ING Direct, and extend to October doze, 2011 the public {review|brief review|statement} period that had recently been scheduled {to finish|to get rid of} August {twenty two|twenty-two}.[29] The move came amidst rising {overview|examination} of the offer on systemic risk, or "Too-Big-to-Fail, " performance under the Community Reinvestment Act, and pending legal challenges. A coalition of national {municipal|city|detrimental} rights and consumer {organizations|groupings|teams}, led by the {Country wide|State|Domestic} Community Reinvestment Coalition, were joined by Rep. Barney Frank to challenge immediate approval of the {offer|package}. The groups have {contended|asserted|quarreled} that the acquisition is a test of the Dodd-Frank Wall Street Change and Consumer Protection {Take action|Work|Action}, under which systemically {dangerous|high-risk} {businesses|organizations} must demonstrate a public benefit that exceeds new risk before they are allowed to {develop|increase|expand}. Kansas City Federal {Book|Hold|Preserve} Bank head Thomas Meters. Hoenig was also {suspicious|distrustful|hesitant} of the deal.[30][31] In {Feb|Feb .|March} 2012, the acquisition was approved by regulators, and Capital One completed {the|their|it is} acquisition of ING Immediate.[32] Capital {1|A single|One particular} received permission to {combine|mix|blend} ING into its business in October 2012,[33] and rebranded {E|ENT} Direct as Capital {1|A single|One particular} 360 in November 2012.[34]
In August 2011, Capital One reached a deal with HSBC to acquire its U. {H|T|S i9000}. credit card operations.[35] Capital One paid US$31. 3 billion in exchange for US$28. 2 billion in loans and $600 million in other assets. The acquisition was completed by May 2012.[36]
In July 2012, Capital One was fined by the Office of the Comptroller of the Currency and the {Customer|Buyer|Client} Financial Protection Bureau for misleading millions of {the|their|it is} customers, such as paying extra for payment {safety|security|safeguard} or credit monitoring when they took out a card.[37] The company agreed to pay $210 million to {negotiate|decide|reconcile} the legal action against them {also to|and} refund two million customers.[38] This was the CFPB's first public enforcement action.[39] That {moves|swings} off in august 2014, Capital One and 3 collection agencies entered into {a|a contract} to pay $75. 5 million to end a consolidated class action lawsuit pending in the United States District {Courtroom|Court docket|Judge} for the Northern {Area|Region|Section} of Illinois alleging that {the businesses|the firms} used an {automatic|robotic} dialer to call consumers' cellphones without consent, which is a violation of the Telephone Consumer {Safety|Security|Safeguard} Act of 1991.[40] It is {significant|noteworthy|distinctive} that this legal action involved informational phone {phone calls|telephone calls|cell phone calls}, which are not subject matter to the "prior exhibit written consent" requirements which have been in place for telemarketing calls since October 2013.[41]
Just like {a number of other|a great many other|various other} retail banks, Capital {You have|Speculate if this trade} been slowly {reducing|lowering|lessening} its number of physical locations.[42] In 2012, the bank {shut|shut down|sealed} 41 locations and {opened up|exposed} 2.[43]
On {This summer|Come july 1st|September} 8, 2015, Capital {announced|reported} that it has {obtained|attained|bought} Monsoon, a design {studio room|facilities|facility}, development shop, marketing house and strategic consultancy.[44]
In August 2015, Capital One agreed to acquire General Electric Co. {is|is actually} Healthcare Financial Services {device|product} for USD $9-billion. The transaction involves USD $8. 5-billion of loans made to {a variety of|several|many} sectors including senior housing, hospitals, medical offices, outpatient services, {pharmaceutical drugs|drugs|pharmaceutical products} and medical devices
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