Capital One Financial Corp. Q4 adjusted earnings of $1.87 per share

Below are the earnings highlights for Capital One Financial Corp. (COF): -Earnings: $1.17 billion in Q4 vs. -$1.05 billion in the same period last year. -EPS: $2.48 in Q4 vs. -$2.17 in the same period last year. -Excluding items, Capital One Financial Corp. reported adjusted earnings of $884 million or $1.87 per share for the period. -Revenue: $6.96 billion in […]

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Gambling capital: DC votes to legalize sports betting

City lawmakers in Washington have voted to legalize sports betting, making the nation's capital the first U.S. jurisdiction without casinos to authorize sports books. The D.C. Council voted 11-2 on Tuesday to authorize betting on professional sports at the city's stadiums and arenas, private businesses like restaurants and liquor stores, and within the city limits on a mobile app. Continue […]

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Capital spending boom will continue for the next 3 years: Hassett

Trump determined to get US-China trade deal great for global growth: Hassett White House Council of Economic Advisors Chairman Kevin Hassett on U.S. trade tensions with China, the USMCA deal and the outlook for the U.S. economy. White House Council of Economic Advisors Chairman Kevin Hassett on Monday said a capital spending boom is giving the U.S. economy momentum. Continue […]

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Arkansas' capital city elects black mayor for first time

FILE – This combination of file photos shows candidates for mayor of Little Rock, Ark., from left, Frank Scott and Baker Kurrus, in the Tuesday, Dec. 4, 2018, runoff election for the nonpartisan, open seat. Scott, 35, a banking executive and former highway commissioner won Tuesday’s runoff for Little Rock mayor, becoming the first African-American elected to lead Arkansas’ capital […]

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NBFCs need fresh capital to be in race

Most NBFCs will have to slow down their loan growth.Some of the most leveraged will have to sell a part of their assets (or loan book) to banks to raise incremental capital.Others may have to knock on the door of their deep-pocketed parents.Krishna Kant reports. As liquidity squeeze tightens and fundraising becomes expensive, retail non-bank lenders will have to raise […]

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Capital One Bank fined $100 million over money-laundering controls

WASHINGTON (Reuters) – A leading bank regulator on Tuesday fined Capital One Bank [COFCO.UL] $100 million for failing to enforce anti-money laundering controls that have been in place for years. Capital One failed to satisfy a 2015 consent order that demanded the bank improve its anti-money laundering policies, the Office of the Comptroller of the Currency (OCC) said in a […]

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McDonald’s buns maker Aryzta strikes deal with banks ahead of…

ZURICH (Reuters) – One of the world’s largest bakery companies, Aryzta, has agreed an underwriting deal with five banks, setting the stage for raising 800 million euros ($928.48 million) in new capital to strengthen its balance sheet. FILE PHOTO: A cheesy champignon angus burger is seen at a McDonald’s restaurant in Hong Kong July 27, 2017. REUTERS/Bobby Yip/File PhotoShares in […]

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Trump capital gains tax cut: What to know

Mnuchin may circumvent Congress for capital gains tax cut Fox News senior judicial analyst Judge Andrew Napolitano on the Treasury Department considering a cut in capital gains tax. The Trump administration is weighing a tax policy change to the current capital gains structure, a move some conservatives say could help boost the economy. Continue Reading Below On Tuesday, a Treasury […]

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