Capital One had a major service outage last week that left many without access to their accounts. Now, it also faces a lawsuit from CFPB.
Capital One Financial reported a 60% rise in fourth-quarter profit on Tuesday, as a higher income from interests helped the consumer lender. Consumer spending has remained strong on hopes of a soft landing for the economy and falling interest rates,
Capital One Financial Corp. posted a higher fourth-quarter profit as net interest margins widened and credit-card loans increased.
CEO Richard Fairbank told analysts executives have their "microscopes" out for any signs of trouble, but consumers remain "in a great place."
A power outage and hardware failure at fintech FIS last week delayed deposits and payments at 27 banks, including Capital One.
Officials in charge of security for the inauguration still don't know who will be allowed to enter Capital One Arena for the celebration.
The company said a technical issue with a third-party vendor was to blame for a disruption with deposits and payment processing that stretched into the weekend.
As officials and dignitaries crowd into the Capitol Rotunda for the inauguration, thousands of Trump supporters have crowded into Washington's Capital One Arena for a watch party.
A former mill will also be refurbished as part of the landmark build-to-sell development in a key regeneration area
Q4 2024 Earnings Call Transcript January 21, 2025 Fifth Third Bancorp beats earnings expectations. Reported EPS is $0.9, expectations were $0.88. Operator: Hello, and thank you for standing by. My name is Regina,
President Donald Trump's oldest grandchild Kai Trump gave a behind-the-scenes look at his historic Inauguration Day festivities that capped off the "experience of a lifetime."