All articles tagged with #capital one
Capital One announced a $5.15 billion acquisition of Brex, paying half in cash and half in stock to accelerate its payments and spend-management platform; the move follows its 2023 acquisition of Discover Financial, and shares dipped a few percent on the news.
Capital One is offering a $425 million settlement for customers misled about the interest rates on its 360 Savings Account, with a claim deadline of October 2, 2025, for those who held accounts between September 2019 and June 2025.
A group of 18 U.S. states is urging a federal judge to reject Capital One's $425 million settlement with depositors, arguing it allows the bank to continue short-changing customers by saving over $2.5 billion and providing minimal compensation for interest lost due to rate freezes on high-interest savings accounts.
Capital One has agreed to pay $425 million to settle a lawsuit claiming it failed to raise interest rates on its 360 Savings accounts despite raising rates on other accounts, benefiting account holders from September 2019 to June 2025. The settlement includes cash payments and additional interest payments for eligible account holders, with a claim deadline of October 2, 2025, and a final hearing scheduled for November 6, 2025.
Jefferies has updated its 'Franchise Picks' list, emphasizing Nvidia's dominance with next-gen chips, and highlighting other top stocks like Capital One Financial, Expand Energy, and Huntington Bancshares, each benefiting from sector-specific tailwinds such as AI, energy, and regional banking growth.
Capital One is removing free airport lounge access for Venture X cardholders starting February 2024, replacing it with steep fees unless they spend $75,000 annually, sparking customer outrage over the loss of a valued perk.
Capital One has launched its first Capital One Landing at Washington National Airport (DCA), a new airport concept blending a lounge and restaurant experience. Partnering with Chef José Andrés, the space offers a Spanish tapas menu and is free for Capital One Venture X cardholders. Located in Terminal 2, it features a main dining area and an 'On the Fly' section for takeaway purchases. The Landing aims to provide a quick, quality dining experience for travelers, with reservations and digital waitlisting available to manage demand.
Capital One is launching its new airport lounge concept, Capital One Landing, at Washington D.C.'s Ronald Reagan National Airport (DCA). The lounge, designed with input from renowned chef José Andrés, features a unique two-part setup: a traditional lounge with assigned seating and a grab-and-go coffee shop called On the Fly. Unlike other Capital One lounges, access is more restricted, and On the Fly is open to all travelers but not free. The lounge offers a tapas menu and craft cocktails, aiming to cater to travelers with short layovers.
Capital One has launched its first fine dining airport restaurant, Capital One Landing, at Washington's Reagan National Airport, offering complimentary access to Venture X cardholders. The restaurant, in partnership with chef José Andrés, provides a high-quality dining experience with tapas and a beverage program, aiming to redefine airport dining. Reservations can be made, and a digital waitlist is available to manage crowds. A grab 'n go market is also available, offering discounts to cardholders. The concept will expand to New York LaGuardia.
President-elect Donald Trump plans to use tariffs and tax cuts as his main economic tools in his second term, with broader tariffs and more targeted tax cuts expected to influence inflation, growth, and interest rates. Trump's return to the White House is also anticipated to support Capital One's $35 billion merger with Discover Financial Services, potentially creating the largest credit-card issuer in the U.S. The deal awaits regulatory approval and could face legal challenges. Additionally, local journalist Jim Engster will discuss recent elections at the Rotary Club of Baton Rouge.
Capital One has proposed a $265 billion community benefit plan to gain regulatory approval for its $35 billion merger with Discover Financial. The plan includes $200 billion in loans to low- and middle-income consumers, $44 billion in community development, and significant investments in nonprofits and minority-owned businesses. The merger would create the world's largest credit card company, but faces scrutiny from regulators and consumer groups concerned about competition and market exposure.
Walmart and Capital One have ended their exclusive consumer credit card agreement, which began in 2019. Despite the termination, cardholders can still use their cards and earn rewards. The split follows disputes over customer service issues, leading to a lawsuit and a federal judge's ruling allowing Walmart to end the partnership early. Capital One will retain ownership of the credit card accounts and convert eligible Walmart cardholders to its own branded rewards products.
Walmart has ended its credit card partnership with Capital One, citing delays in payment processing and card replacements, but customers can still use their existing Capital One Walmart Rewards cards. The companies announced the change jointly, and Capital One will continue to service the accounts. Walmart sued Capital One in 2023 over these issues and won the case in March. The retailer has not yet announced a new banking partner.
Walmart has ended its credit card partnership with Capital One, which began in 2019, due to service issues and a lawsuit. Capital One will continue to manage existing Walmart credit card accounts, but Walmart is expected to seek a new banking partner.
Walmart has ended its exclusive credit card partnership with Capital One due to repeated customer service failures. Current cardholders can continue using their cards and earning rewards, with Capital One converting eligible customers to its flagship rewards products. The decision follows a federal judge's ruling allowing Walmart to opt out of the agreement early.