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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Capital One Financial Corporation | NYSE:COF | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 4.95 | 3.42% | 149.56 | 149.59 | 144.19 | 144.64 | 3,796,876 | 00:19:17 |
From Jul 2019 to Jul 2024
The Federal Reserve Board Monday considered Capital One Financial Corp.'s $9 billion plan to buy ING Direct USA from ING Groep NV (ING, INGA.AE) but the central bank isn't ready to issue a decision just yet, according to an agency spokesperson.
"The board considered the application at its meeting this afternoon and expects to issue a decision soon," said the spokesperson in a statement late Monday. "No further announcement is expected today."
Consumer groups have opposed the plan, arguing that it would create a giant company that could put the health of the U.S. financial system at risk. But industry analysts have been expecting the Fed to approve the McLean, Va.-based bank's proposal to buy the Internet bank.
A decision was initially expected last week, but the meeting was postponed until Monday. It's unclear now when the Fed will issue a decision.
-By Maya Jackson Randall, Dow Jones Newswires; 202-862-6687, maya.jackson-randall@dowjones.com
1 Year Capital One Financial Chart |
1 Month Capital One Financial Chart |
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