Tag: Capital One Financial (NYSE:COF)

Capital One bank
March 05, 2024 BY Simon Mugo

Capital One Wins FX Charges Lawsuit Brought by Cardholders

The lawsuit, brought forward by four individuals, claimed that Capital One inflated its profits by applying "fictional" rates for converting transactions made in foreign currencies into U.S. dollars. According to the plaintiffs, the bank, headquartered in McLean, Virginia, did not adhere to the guidelines established by card networks Visa and Mastercard, which require the use…

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Discover logo
February 20, 2024 BY Simon Mugo

Discover Financial’s Stock Surges on $35Bn Capital One Merger Deal

Capital One's strategic acquisition of Discover's payments processing and settlement services network is seen as a move to diversify its payment processing partners, aiming for a $1.2 billion boost by 2027. This development has been viewed unfavourably for Visa and Mastercard, with their shares dropping 1.8% and over 2%, respectively, as analysts anticipate a competitive…

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September 08, 2017 BY Valentina Kirilova

Capital One joins Snowflake’s Series D funding round

Snowflake Computing announced that Capital One Growth Ventures, the venture investing arm of Capital One Financial (NYSE:COF), has joined its latest round of growth funding, bringing Snowflake’s Series D round to a total of $105 million. The Series D round was announced in April of 2017, led by ICONIQ Capital and accompanied by Madrona Venture…

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