Capital One Financial News

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Capital One Financial Corporation announced late last week that it added InterestPlus Online Savings to its line of high-yield direct banking products.A The savings account currently offers a 1.6 percent annual percentage rate on accounts balances of $2,500 or more.

Trading demand for the JP Morgan warrants drove the price of them to a high of $12.30, which equates to a 27.74% implied volatility.

Bank of America Corp. said Tuesday it has tentatively agreed to drop a clause from its credit card contracts that requires disputes with customers to be handled through binding arbitration rather than through the courts.

On Tuesday, the third-largest issuer of Visa credit cards, Capital One Financial Corp.

Capital One Financial Corp. will drop language from credit card contracts that requires customer disputes to be handled through binding arbitration rather than the courts, a spokeswoman for the bank said Thursday.

The November data for most credit card issuing companies point to an increase in net charge-offs. Consumer credit quality remains under significant strain as a result of a persistent weakness in labor markets.

Most U.S. credit card companies reported charge-offs rose in November after two months of declines in a sign that consumers remain under stress, sending shares down industrywide.

The U.S. Treasury Department said Monday it will auction 3.2 million warrants of TCF Financial Corp.

S&P 500, Dow and Nasdaq 100 futures were all poised for gains ahead of the opening bell President Obama is scheduled to meet later today with top executives of some of the nation's biggest lenders.

The U.S. Treasury Department's bailout program should delay tomorrow's auction of JPMorgan Chase & Co.

The US Treasury Department is looking to offload its remaining investment in Capital Once Finance , initially made through the $700bn Troubled Asset Relief Program .

Those warrants will begin trading on the NYSE under the ticker JPM-WS if the auction is successful.

Lost in all the noise and news about Bank of America 's raising capital and repurchasing its TARP preferred stock, the first public auction of TARP securities was completed last week.

The Treasury Department this week will auction 88.4 million warrants of JPMorgan Chase & Co., the second auction of warrants the government received as part of the $700 billion financial bailout.

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Bank of America Merrill Lynch raised its ratings Monday on three leading credit-card companies, citing what it sees as improving economic conditions.

Ideas that the Federal Reserve could hike interest rates next year sent U.S. stock index futures lower Monday ahead of a speech from the Fed's chairman.