Goldman Sachs, a full-service global investment banking and securities firm, has taken a stake in Facebook, the white-hot social networking giant. Goldman has invested $450 million in a deal that values Facebook at $50 billion. As part of the deal, Goldman is looking to raise as much as $1.5 billion from its wealthy clients to invest in Facebook alongside the firm. The Facebook investment, made from Goldman’s balance sheet, also sheds light on the firm’s private equity strategy.
Goldman Sachs
Bank of America Corp. is settling some buyback claims on bad home loans sold to Fannie Mae and Freddie Mac as it attempts to separate itself further from one of the of the housing downturn’s biggest headaches. Bank of America’s deal with Fannie Mae and Freddie Mac are linked to Countrywide Financial Corp. residential mortgage loans.
Bank of America
Progressive.com Retains Title As Best Auto Insurance Website. The car insurance website for Progressive, is once again tops for insurance according to the Competitive Research’s Q4 2010. Progressive.com has been the highest-rated car insurance website. (NASDAQ:KEYN) produces the Scorecard by rating insurance websites based on how easy it is for shoppers to do things like get a car insurance quote and buy car insurance.
Progressive.com
For first time in a long time, Capital One said it saw a significant drop in the number of accounts that were 30 days or more behind. Late payments slipped to 4.26 percent from 4.56 percent in October.
Capital One
The New Year’s Day Capital One Bowl in Orlando is the best non-BCS bowl this season. Alabama is currently a 10-point favorite, according to college bowl game odds. Michigan State certainly appears on the way up, Alabama still has more talent at nearly every position but a few.
Capital One
Posted in Finance
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Tagged bowl, capital one, game
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Capital One’s credit card portfolio increased to $19.6 billion in 2010 at a growth rate of 6.5%. Capital One expects to continue to grow its credit card balance albeit at a slower rate, given the strong impact of deleveraging on consumer behavior. Capital One’s credit card loan outstanding will reach $24 billion by 2013, according by some industry experts.
Capital One Cards
Capital One Bank is offering their Internet Online Checking Account that currently has one of the best checking rates available. An online checking account at Capital One Direct Banking is opened online. The process is quick and painless.
Checking Benefits from the Internet Online Checking Account from Capital One:
Free Checking
Paper Checks
Debit Card
Direct Deposit
Online banking (online bill pay)
There are no monthly fees with this account.
No minimum balance to earn the current interest rate.
View account information online or by calling the automated account information line at 1-888-810-4013
Capital One Online Banking
Discover’s shrinking book of loans, drove the company’s shares down. Discover’s results underscore the sliding revenue trend that is plaguing the card industry, which is facing shrinking loan balances. In addition to the interest Discover earns on its credit card loans, a chunk of its revenue comes from fees it charges banks and merchants.
Credit Cards
Posted in Discover
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Tagged discover
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Wells Fargo & Co. agreed to provide loan modifications worth more than $2 billion to homeowners who have pick-a-pay loans. Pick-a-pay, or pay option adjustable-rate mortgage loans, allowed borrowers to make payments at various levels.
Loans Modification
Posted in Finance
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Tagged Finance, money
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Capital One headquartered in McLean, Virginia, offers a broad array of financial products and services to consumers, small businesses and commercial clients in the U.S. Capital One Score Top Marks for Small Business Banking. The recently conducted study, which reviewed 700 small businesses experience with 33 large banks found that the McLean, Va. institution, Capital One Financial is the number one bank, scoring 84 out of 100.The study scored based on how well they determined then business needs, how well the are to do business with, knowledge of products and services and their loan closing process.
Capital One
Customer Relations
1-800-955-7070
1-804-934-2001 (collect outside of the United States)
1-800-206-7986 (TDD)
Apply for a credit card
1-800-695-5500
Secured card Customer Relations
1-800-608-5227
Report a lost or stolen credit card
1-800-955-7070
1-804-290-8550 (collect outside of the United States)
Savings, money market, checking and CD accounts—automated account information
1-888-810-4013
1-877-650-3528 (toll-free fax)
Open savings, money market, checking and CD accounts
1-800-982-6538
Technical assistance with Web site
1-800-951-6951
Capital One Mortgage & Home Equity Loans
1-800-347-5956
Auto Loan Questions on Existing Accounts
1-800-946-0332
Auto Loan General Questions
1-800-689-1789
Healthcare Finance General Questions
1-877-559-5050
Capital One
General correspondence:
Capital One
Attn: General Correspondence
PO Box 30285
Salt Lake City, UT 84130-0285
Payment address:
Go to http://www.capitalone.com/contactus/index.php
Capital One
The new cards are part of an overhaul of much of Citigroup’s credit card operations. Starting early next year, Citi will replace these cards with one of four cards: ThankYou, ThankYou Preferred, Premier and Prestige. As part of the overhaul, Citi will take away some perks that many cardholders like and add others that weren’t there before. On the Premier and Prestige cards, Citi is also throwing in some new perks. One that appears to be new to the card industry is a 15 percent discount on domestic plane tickets.
Posted in Finance
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Tagged citi, credit card
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Credit card rewards programs can make using credit cards better than paying with cash. If you spend more than $10,000 a year, then consider a card with richer rewards, but a higher annual fee, such as the Capital One Venture Card.
Capital One
The proposed rule was issued as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires the Fed to establish standards to ensure that interchange fees are “reasonable and proportional.” The Board will be accepting comments on the proposed rule from retailers, financial institutions and other interested parties through February 22, 2011. It would go into effect shortly after the board makes their recommendations.
Posted in Finance
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Tagged debit cards, rates
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New Auto Loans: Get pre-approved for auto financing, Auto loan response in minutes, Free 45-day rate lock.
Used Car Loans: Lock in a low APR before you buy, Fast, free online auto loan application.
Auto Loan Refinancing: Lower your payments by hundreds per year on average, Free auto refinance quote
http://www.capitalone.com/autoloans/
Capital One
0% Intro APR on balance transfers for 21 months and 0% Intro APR on purchases for 12 months. After that, the variable APR will be 11.99%-19.99% based on your creditworthiness.
Extra Cash from Citi: enjoy discounts on gift cards, travel, merchandise and more
Citi Identity Theft Solutions
No annual fee
Capital One Bank has nearly 1,000 Capital One Bank branches and over 2,000 ATMs in Connecticut, District of Columbia, Delaware, Louisiana, Maryland, New Jersey, New York, Texas and Virginia.
Capital One Banks Locator:
http://maps.capitalone.com/locator/
Capital One
Loans for Every Need:
http://www.capitalone.com/loans/
Auto Loans
Get pre-approved before you buy
Easy online auto loan process
Shop like a cash buyer
Refinance to a lower APR
Personal Loans
For anything, any reason
Guaranteed fixed monthly payments
No prepayment fees, no collateral required
Offers available by invitation only
Capital One
Posted in Finance
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Tagged capital one, loans
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