Capital One Financial Corporation operates as a diversified financial services holding company. The company offers an array of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. As of December 31, 2014, the company’s principal subsidiaries included: Capital One Bank (USA), National Association (COBNA), which offers credit and debit card products, other lending products and deposit products; and Capital One, National Association (CONA), which offers a spectrum of banking products and financial services to consumers, small businesses and commercial clients. As of December 31, 2014, the company serviced banking customer accounts through the Internet and branch locations across New York, Louisiana, Texas, Maryland, Virginia, New Jersey and District of Columbia. It also operates an online direct banking institution in the United States. In addition to bank lending, treasury management and depository services, the company offers credit and debit card products, auto loans and mortgage banking in markets across the United States. Segments The company’s principal operations are organized into three primary business segments: Credit Card, Consumer Banking and Commercial Banking. Credit Card segment: This segment consists of the company’s domestic consumer and small business card lending, and the international card lending businesses in Canada and the United Kingdom. Consumer Banking: This segment consists of the company’s branch-based lending and deposit gathering activities for consumers and small businesses, national deposit gathering, national auto lending, and consumer home loan lending and servicing activities. Commercial Banking: This segment consists of the company’s lending, deposit gathering and treasury management services to commercial real estate and commercial and industrial customers. Markets The company markets its credit card products on a national basis throughout the United States, Canada and the United Kingdom and offers banking and other services in various regions within the United States. Primary Loan Products The company provides various lending products. Its primary loan products include credit cards, auto, home loans and commercial. Credit cards: The company originates both prime and subprime credit cards through various channels. Its credit cards generally have variable interest rates. The company maintains a credit card securitization program and selectively sells charged-off credit card loans. Auto: The company originates both prime and subprime auto loans. Customers are acquired through a network of auto dealers and direct marketing. Its auto loans have fixed interest rates and loan terms of 72 months or less. Home loans: The company’s home loan products include conforming and non-conforming fixed rate and adjustable rate mortgage loans, as well as first and second lien home equity loans and lines of credit. Commercial: The company offers a range of commercial lending products, including loans secured by commercial real estate and loans to middle market industrial and service companies. Investment Portfolio The company’s investment securities consist primarily of fixed-income securities, such as mortgage-backed securities, Treasury bonds, other asset-backed securities, and corporate bonds, as well as equity securities primarily related to activities under the Community Reinvestment Act (CRA) programs. Its investment portfolio consists primarily of the following: U.S. Treasury and agency debt; corporate debt securities guaranteed by U.S. government agencies; U.S. government-sponsored enterprise or agency (Agency) and non-agency residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS); other asset-backed securities (ABS); and other investments. Capital One Asset Management LLC, which provides investment advice to customers of Capital One, N.A., which includes high net worth individuals, institutions, foundations, endowments, and other organizations, is an SEC-registered investment adviser regulated under the Investment Advisers Act of 1940. ShareBuilder Advisors, LLC is also an SEC-registered investment adviser. Additionally, Capital One Agency LLC is a licensed insurance agency that provides both personal and business insurance services to retail and commercial clients and is regulated by the New York State Department of Financial Services in its home state and by the state insurance regulatory agencies in the states in which it operates. Deposits The company’s deposits include non-interest bearing accounts, interest-bearing checking accounts, saving deposits, and time deposits less than $100,000. Regulations Capital One Financial Corporation is a bank holding company (BHC) under Section 3 of the Bank Holding Company Act of 1956, as amended (12 U.S.C. § 1842) (the BHC Act) and is subject to the requirements of the BHC Act, including its required approvals for investments in or acquisitions of banking organizations, capital adequacy standards and limitations on its nonbanking activities. The company is also subject to supervision, examination and regulation by the Board of Governors of the Federal Reserve System (the Federal Reserve). The company is also registered as a financial institution holding company under Virginia law and is subject to periodic examination by Virginia’s Bureau of Financial Institutions. It also faces regulation in the international jurisdictions in which it conducts business. History Capital One Financial Corporation 1993.
capital one financial corp
(CFX:Munich Stock Exchange)
1680 Capital One Drive
McLean, VA 22102
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