Michigan municipalities are selling the most bonds since July, showing investors are warming to the state’s debt after Detroit’s record bankruptcy led to the postponement of at least $131 million of deals.
Capital One Financial Corp., the bank that agreed to pay $210 million to settle U.S. charges of deceptive marketing of credit-card products, hired the nation’s top immigration official to head compliance operations.
Paul Hastings LLP said Douglas Flaum has joined the firm as a partner in New York. He was previously at Fried, Frank, Harris, Shriver & Jacobson LLP, where he was head of the securities and shareholder litigation practice.
The U.S. Federal Reserve said it will soon decide whether to approve Capital One Financial Corp.’s planned $9 billion purchase of ING Groep NV’s U.S. online bank, eight months after the deal was announced.
Capital One Financial Corp., the worst performer this year in the KBW Bank Index, agreed to pay $3.5 million to resolve U.S. regulatory claims the bank set aside inadequate reserves for auto loan losses in 2007.
Capital One Financial Corp. , the Virginia bank focused on credit-card lending, may have faced Federal Reserve resistance to raising its dividend because of concerns it will incur more costs linked to souring loans, according to Nomura Securities International Inc.
Capital One Financial Corp., the credit-card issuer seeking approval to purchase ING Groep NV’s U.S. online bank, rose the most among financial stocks in New York trading after announcing a 1.3 percent profit gain.
Capital One Financial Corp.’s planned purchase of ING Groep NV’s U.S. online bank won approval from the Federal Reserve, clearing the way for the credit-card lender to add about $80 billion in deposits.