Company Overview Visit capitalone.com website
Capital One is an American bank holding company specializing in credit cards, home loans, auto loans, banking and savings products based out of McLean, Virginia. Capital One has over 100 million customers worldwide and 72 million in the United States.
Capital one was founded on October 17th 1997 by Richard Fairbank who had previously worked at CitiGroup. The company focuses on banking services for individual consumers. In 2004 they experienced a large financial loss due to unauthorized trading which resulted in legislation changes allocating more money towards consumer protection efforts.
Capital One has been recognized as one of the top employers in America four years running by Forbes Magazine. They are accredited with firing 400 employees during 2017 due to the of new positions within their company that have more technical skill sets. As of today Capital One is currently valued at over $140 billion but they have faced five net losses in the past decade due to consumer protection efforts, legal fees and restructuring costs.