Public | |
Traded as | |
Industry | Financial services |
Founded | 1988 Richmond, Virginia, U.S. |
Founder | Richard Fairbank, Nigel Morris |
Headquarters |
Tysons Corner, Virginia, United States (McLean mailing address) |
Key people
|
Richard Fairbank (CFO) |
Products | Retail banking, Credit cards, Loans, Savings |
Revenue | US$25.501 billion (2016) |
US$5.80 billion (2016) | |
US$3.75 billion (2016) | |
Total assets | US$357.033 billion (2016) |
Total equity | US$47.514 billion (2016) |
Number of employees
|
47,300 (2016) |
Website | www |
Richard Fairbank
(Chairman, President and CEO)
Stephen S. Crawford
(Head of Finance and Corporate Development)
Capital One Financial Corporation is an American bank holding company specializing in credit cards, home loans, auto loans, banking and savings products.
Capital One is the eighth-largest bank holding company in the United States when ranked by assets and deposits. The bank has 755 branches including 10 café style locations for its Capital One 360 brand and 2,000 ATMs. Capital One Financial is ranked #112 on the Fortune 500, and also conducts business in Canada and the United Kingdom. The company helped pioneer the mass marketing of credit cards in the 1990s, and as of 2003 it was the fourth-largest customer of the United States Postal Service.
Its corporate offices are located in Tysons Corner, Virginia.
In 2016, 62% of the company's revenues were from credit cards, 26% was from consumer banking, 11% was from commercial banking, and 1% was from other.
On July 27, 1994, Richmond, Virginia-based Signet Financial Corp announced the spin off of its credit card division, OakStone Financial, naming Richard Fairbank as CEO (Signet Banking Corp is now part of Wells Fargo). Signet renamed the subsidiary Capital One in October of that year. The spinoff was concluded February 28, 1995, making Capital One fully independent.