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Entries tagged "Capital One"Finance Layoffs: Capital One and moreThe latest layoff rumors and reports are out of Capital One and J.P. Morgan Chase. Finance Layoffs: Goldman, Merrill and Capital OneThe latest layoff rumors and reports include Goldman Sachs Group, Bank of America and Chevy Chase Bank. Bank Watch: Citi and BofA dive; Goldman profitsFears of bank nationalization brought the markets down Thursday. The Dow dove 49.94 points to 7,505.69, the S&P 500 sunk 3.50 to 784.92, and the Nasdaq fell 12.74 points to 1,455.23. Did Capital One bully Citigroup out of Chevy Chase deal?So Capital One Financial Corp. acquired Chevy Chase Bank FSB for nearly $520 million Thursday. Citigroup Inc. reportedly was one of several potential acquirers for the Maryland-based lender, but in the end was left out in the cold. The news that Citigroup was pushed aside isn't shocking considering its recent bailout, which has renewed pressures on Citigroup CEO Vikram Pandit (pictured) to slim down the firm rather than to expand it. ... Capital One puts Chevy Chase, not Citizens, in its walletEarlier in the week, Dealscape speculated that should troubled U.K. bank the Royal Bank of Scotland Group plc sell its U.S. retail banking business, Citizens Financial Group, Capital One Financial Corp. would be a natural fit. McLean, Va.-based Capital One was flush with $3.5 billion from a U.S. Treasury capital injection via the Troubled Asset Relief Plan, and additional deposits could help the firm ride out the recession, which will undoubtedly batter its credit card business. A Citizens purchase also made sense geographically. The logic was half right. Capital One was on the prowl, and it just opted for... RBS remains coy, and bidders quiet, about Citizens saleWhile Americans digested their holiday dinners, the British government took control of the Royal Bank of Scotland Group plc. But as Americans headed out on Black Friday, the 1,600 branches of Citizens Financial Group, RBS' U.S. unit, operated normally. ... Bank Watch: Have we bottomed?The Dow ended down 74.16 points at 8,990.96 even though policymakers voted to cut rates by half a percentage point to 1.0%. Meanwhile the White House press secretary put pressure on banks that have received federal bailout funds to start making loans. Even though most analysts have guessed that the market will likely bottom in a year, a market analyst at CMC Markets told the Financial Post that it looks like stocks were looking for a bottom right now and it could take between six and eight months to complete.... Bank Watch: More earnings on deckWednesday morning J.P. Morgan Chase & Co. and Wells Fargo & Co. took the center stage and announced earnings. It wasn't pretty. Thursday morning Citigroup Inc. and Merrill Lynch & Co. are announcing earnings along with PNC Financial Services Group Inc., BB&T Corp. and Capital One Financial Corp. All are on our Bank Watch list. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Capital One." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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