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Capital Bank Financial Corp. stock price
Capital Bank Financial Corp. latest news:
Capital One to cut roughly 1,000 jobs as it exits mortgage-lending business: reports
Capital One Financial Corp. shares fell 1% in afternoon trade Wednesday, after reports that the credit card and consumer-banking services company was exiting the mortgage-loan business, cutting about 1,000 jobs. The Dallas Business Journal reported late Tuesday that Capital One was planning to lay off 950 employees from its campus in Plano, Texas in the coming months, citing a spokesperson that said the company wasn't in a position to be both competitive and profitable. Reuters reported Wednesday the company will cut about 1,100 jobs, citing a challenging interest-rate environment. The company didn't immediately respond to a request for comment. The stock has gained 2.3% year to date, while the SPDR Financial Select Sector ETF has rallied 13% and the S&P 500 has gained 16%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
IDBI Bank expects balance sheet stability by March 2019
With capital infusion from the government and a turnaround plan in place, IDBI Bank expects stability to return to its balance sheet by March 2019.The government-owned bank, in the red due to large provisioning for loans gone bad, posted a net loss of Rs 198 crore in the quarter ended September (Q2), from a profit of Rs 56 crore in the same period of 2017. The net loss for the June quarter (Q1) was Rs 858 crore.However, operating profit rose by 81.7 per cent to Rs 2,798 crore in Q2 from a year before (it was Rs 877 crore in Q1). M K Jain, managing director, said the growth in operating profit was expected to be 20-22 per cent for the financial year ending March 2018.In September, the bank hired The Boston Consulting Group (BCG) to accelerate its turnaround plan and improve financial performance. IDBI is supposed to focus on four areas -- revenue enhancement, cost control & reduction, asset productivity and overall programme management, in consultation with BCG.Executives said the
U.S. Fed approves bid by First Horizon to buy Capital Bank
WASHINGTON, Oct 30 (Reuters) - The Federal Reserve announced
on Monday it had approved a bid by First Horizon National
Corporation to acquire Capital Bank Financial Corp
of Charlotte, as the regional bank looks to expand its
presence in the U.S. southeast.
Activist investor RBR launching campaign to break up Credit Suisse: FT
(Reuters) - Activist investor RBR Capital Advisors is launching a campaign for breaking up Swiss bank Credit Suisse Group AG into three parts, the Financial Times reported on Monday.
China Telecom mulls participating in Brazil's Oi capital plan
China Telecom Ltd could participate in a plan to inject fresh capital into Oi SA (OIBRQ), the Brazilian phone carrier under bankruptcy protection, a senior executive at the Brazilian firm said on Friday. Ricardo Malavazi Martins, Oi's chief financial officer, said at the sidelines of an event in Rio de Janeiro that both companies signed a confidentiality agreement about the plan.
BRIEF-Capital Bank opens for business in Florida
* Capital Bank Financial says expect remaining Florida
offices to be open and available to customers as soon as power
and telecommunications are restored
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