Santander Consumer USA (SC) Winner, Capital One (COF) Loser in Consumer Finance Following CCAR - JPMorgan
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Capital One's CCAR Capital Plan Receives Conditional Non-Objection from the Federal Reserve
June 28, 2017 4:35 PM EDT
MCLEAN, Va., June 28, 2017 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) today announced that the Federal Reserve Board has completed its 2017 Comprehensive Capital Analysis and Review ("CCAR") and did not object to Capital One's proposed capital plan. As a condition to not objecting to the company's capital plan, the Federal Reserve Board is requiring the company to resubmit its capital plan by December 28, 2017 to address certain weaknesses in its capital planning process. If the Federal Reserve Board objects to the resubmitted capital plan, it may restrict subsequent capital... More
