Capital One Financial Corp
Coverage of Capital One Financial Corp in the Nexus archive.
- Capital One says it closed Trump Organization’s accounts after anti-money-laundering review
Capital One Financial closed the Trump Organization’s bank accounts after an anti-money-laundering review, marking the first time a bank has formally linked money-laundering concerns to Donald Trump’s business. The bank is seeking to dismiss a lawsuit by denying claims of illegally debanking the Trump Organization.
- Capital One says it closed Trump Organization’s accounts after anti-money-laundering review
Capital One Financial closed the Trump Organization’s bank accounts after an anti-money-laundering review, marking the first time a bank has formally linked money-laundering concerns to Donald Trump’s family business. The bank is defending against a lawsuit by arguing the closure was not illegal debanking.
- Capital One Boosts Provision for Bad Loans, Misses Estimates
Capital One increased provisions for bad loans and missed financial estimates. The company faces regulatory fines and lawsuits exceeding $200 million due to a July 2023 data breach, according to Bloomberg Intelligence.