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Richard Dana Fairbank (born September 18, 1950) [1] is an American billionaire businessman who co-founded Capital One with Nigel Morris in 1988. [2] [3] He was on the board of directors of MasterCard International from 2004 to 2006.
An article appearing in Chief Executive in 1997 noted that the company held $12.6 billion in credit card receivables and served more than nine million customers. The company was listed in the Standard & Poor's 500, and its stock price hit the $100 mark for the first time in 1998. [19] In July 1998, Capital One acquired auto financing company ...
HSBC was the third-largest issuer of private label credit cards in the United States, including cards for more than 70 active merchant relationships, including Best Buy, GM, Yamaha, Kawasaki, Neiman Marcus, Polaris and Saks Fifth Avenue. Most of its card portfolio was sold to Capital One in 2011.
In 2008, it launched the UK's first TV channel dedicated to promoting loans and mortgages. [8] Like many other mortgage businesses it struggled after the 2008 global credit crunch. The Ocean Finance brand was acquired [9] by Think Money Group in 2012. In 2014 the company launched the Ocean Credit Card in conjunction with Capital One. [10]
In February 2024, Capital One announced that it would acquire Discover Financial Services in an all-stock transaction valued at $35.3 billion. [25] If the deal is approved by regulators, the combined company will become the largest credit card issuer in the U.S. [26] The deal has faced scrutiny from antitrust experts. [27] [28]
Jammu & Kashmir Bank Limited (J&K Bank) is an Indian private sector bank headquartered in Srinagar, Jammu and Kashmir. [2] The Jammu and Kashmir Bank was incorporated on 1 October 1938, by the then ruler of the princely state of Jammu and Kashmir Maharaja Hari Singh with an initial paid up capital of ₹5.00 Lakh.
It is one of the largest temple complex on the Indian Subcontinent. In the eighth century, the Karkota Empire established themselves as rulers of Kashmir. [41] Kashmir grew as an imperial power under the Karkotas. Chandrapida of this dynasty was recognized by an imperial order of the Chinese emperor as the king of Kashmir.
The jagir had its own officials, including a bureaucracy, police and a standing army of one company. It is said that the local officials, most of whom were Hindus, were disgruntled because their salaries were lower than in the rest of state. This led to inefficiency and corruption. [32] The Raja of Poonch owned all the land in the jagir.