CapOne may be too big to fail, but it’s not too big to receive a C
CapOne may be too big to fail, but it’s not too big to receive a C
My reading of Reg Y is if Capital One got approval from the Fed, it’s fine for them as a bank holding company to engage in a nonbanking activity. Am I missing something?
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Source:
https://www.frbsf.org/banking/regulation/regulations-policie...
Capital One Bank (USA) N.A. — Currently offers a wide variety of credit card products, other lending products, and deposit products.
Capital One, N.A. — Offers a broad spectrum of banking products and financial services to consumers, small businesses, and commercial clients, including traditional banking products through an extensive branch network in Connecticut, the District of Columbia, Louisiana, Maryland, New Jersey, New York, Texas, and Virginia.
Capital One Auto Finance, Inc. — Offers automobile financing products.
Capital One, N.A., Member FDIC
Capital One, National Association
Capital One Bank
Capital One Bank, N.A.
Capital One Bank, National Association
Capital One Bank (USA)
Capital One Financial Corporation
Capital One Home Loans LLC
Capital One Services, LLC
Capital One Settlement Services, LLC