Capital One Bank (Europe) Plc

Capital One Latest News

01.07.2009 Capital One pulls out of UK savings market
"• Capital One regularly reviews the services it offers to its customers and after careful consideration we have made the decision to withdraw from the UK savings market and transfer all UK Capital One Savings accounts to Skipton Building Society, operating under its trading name Castle Money.

• The transfer requires the approval of the Financial Services Authority (FSA) and the High Court. Subject to those approvals, when the transfer happens (we expect that this will be on or around 27th July 2009), your Account with Capital One Savings will automatically move to Skipton Building Society."
06.06.2009 Capital One Bank 12 month fixed rate bond 2.45%
22.04.2009 Capital One 24 month fixed rate bond launched paying 2.80%.

Details on Capital One.

Capital One is an American financial services provider. The headquarters is in Virginia and the UK operations are based out from
Capital One Holdings Limited
Trent House
Station Street
Nottingham
NG2 3HX

22/04/2010
Total revenue in the first quarter of 2010 declined $79.3 million, or 1.8 percent, from the fourth quarter of 2009 to $4.3 billion as an improvement in margin partially offset a 2.9 percent decline in average loans. Non-interest income decreased $137.4 million in the first quarter, or 11.5 percent relative to the prior quarter, while net interest income increased $58.1 million, or 1.8 percent.

In 2008 Capital One made a loss of $46 million and in November 2008 participated in the Capital Purchase Programme allowing the US Treasury to make an equity investment of $3.55 billion in preferred stock.
Capital One is one of the top 10 credit card issuers in both the USA and UK and has about 50 million customers wordwide. Capital One launched in the UK in 1996 and in 1997 opened an operations centre in Nottingham.

capital one bank savings accounts and credit cards