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Capital One Financial Corporation is an American bank holding company founded on July 21, 1994 and specializing in credit cards, auto loans, banking, and savings accounts, headquartered in Tysons, Virginia with operations primarily in the United States. [2] It is the 12th largest bank in the United States by total assets as of December 31, 2022 ...
It also turns Capital One into the rare credit card company that controls the cards, the payment network and the bank that issues the card. There’s only one other company that has accomplished ...
Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's credit card companies as well as potentially shake up ...
While it's best-known for its credit card business, Capital One is a full-service bank with an extensive branch network in the Washington, D.C. metro area. Because of the high-interest nature of ...
In 1984, First Deposit was sold to the Kentucky insurance company Capital Holding, later renamed Providian. [1] [2] When Providian's insurance operations were acquired by Aegon, Providian's credit card business was spun off as a separate company. [3] Providian was a company that sold credit in the "subprime" market. Providian provided credit ...
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]
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