Capital One Financial Aktie News

Capital One will reportedly pay $425 million to settle a lawsuit accusing it of cheating savings account depositors. That's according to a report by Reuters on Friday (May 16), citing court documents.

MCLEAN, Va.--(BUSINESS WIRE)--Capital One Financial Corporation (NYSE: COF) today announced that it has completed its acquisition of Discover Financial Services. “This deal brings together two innovative, mission-driven companies that together are poised to deliver breakthrough products and experiences to consumers, businesses, and merchants,” said Richard D. Fairbank, Founder and CEO of Capita...

Capital One agreed to pay $425 million to settle nationwide litigation accusing it of cheating savings account depositors out of much higher interest rates by not telling them they could move their money to higher-yielding accounts.

Berkshire Hathaway Inc. slashed its exposure to big-bank shares in the first quarter.

There are plenty of bargains to be had amid intense stock market volatility. And while the best deals have mostly evaporated, there are still intriguing, cheap names with timely catalysts that still look to be worth buying on the way up.

New York Attorney General Letitia James sued Capital One Wednesday (May 14), alleging the bank misled its customers about the existence of a savings account that provided higher interest.

New York Attorney General Letitia James sued Capital One on Wednesday, accusing the bank of "cheating" customers out of millions of dollars in interest payments. The suit mimics litigation by the CFPB, which was dropped in February under the Trump administration.

Letitia James's lawsuit claimed Capital One promised depositors one of the country's highest interest rates on their 360 Savings accounts, yet froze their rate at just 0.30% even as interest rates rose nationwide.