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Captial One posts yet another loss

April 21, 2009 – 8:41 pm – No Comment

This year Capital One stock has not been “in your wallet” and has lost 52% of its stock value this year. Today it reported its second quarterly loss when it set aside assets for bad loans and delinquencies.

The McLean-based banking and credit card lender …

Capital One to buy out Chevy Chase Bank

December 3, 2008 – 9:53 pm – No Comment

Chevy Chase Bank, a Bethesda, MD based bank will be bought out by Capital One. Capital One will buy the bank for $520 million in cash and stock.
Capital One says it expects cumulative losses from the acquisition, but the purchase of the bank will give …