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A year-old data breach, which earned the company an $80 million OCC penalty this week, continues to offer lessons to banks as they put more sensitive information in the hands of cloud vendors.August 7
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Regulators found fault with the bank’s cloud migration efforts in the years that preceded a 2019 hacking incident.August 6
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“We do not yet know when we’ll return to a more traditional operating model,” a company spokesperson said.August 5
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Delinquencies have been ticking up since the start of the coronavirus pandemic and Capital One is warning of more pain unless the government provides additional relief to tenants and landlords.July 22
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Since March, issuers have tightened their criteria for opening new accounts and closed millions of existing ones in hopes of avoiding waves of defaults.May 29
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The lender’s offices in the U.S., Canada and the U.K. will remain shut to all nonessential staff at least through the Labor Day holiday on Sept. 7, CEO Richard Fairbank wrote in an internal memo.May 5
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Many banks are slashing their spending. Others are changing their messaging strategies. And those banks that partner with pro sports teams are stuck in limbo, since it remains unclear when games will resume.May 3
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The ratings firm also took negative action with respect to Ally, Synchrony, Discover, Sallie Mae and Navient, citing the impact that the coronavirus crisis is having on their revenues and profits.April 29
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The company reported a loss of $1.3 billion in the first quarter after setting aside more than $5.4 billion for potential loan losses.April 24
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Reluctant to cancel what have become pipelines for developing talent, banks are delaying start dates or moving programs entirely online.April 13
