Capital One enters accelerated buyback
WASHINGTON --Capital One Financial Corp., a credit card issuer and retail bank, on Monday said it entered an accelerated agreement to repurchase $1.5 billion of its stock from Credit Suisse.
Under the agreement, which is part of the company's $3 billion buyback program announced in January, Capital One will purchase the shares on April 2.
Shares of McLean, Va.-based Capital One fell 82 cents to end at $76.18 on the New York Stock Exchange. 