Magazine : Archives : 2nd Quarter 2006
Capital One Charts a New Course
In 1994, Signet Banking Corp. - Richmond, Virginia-based regional bank - took the unusual step off spinning of its credit card division through an initial public offering. With just one product and no retail deposit base to fund its loans, the decision might have seemed foolhardy—or at best, quixotic. How could a tiny start-up hope to survive against the giant money-center banks that dominated the credit card business? Surely it would be stomped on. In one of the great corporate success stories of the 1990s, that little company, Capital One Financial Corp., grew up to be one of the card...
Please enter your username and password below.
You have accessed a resource that is only available to Bank Director magazine subscribers and Bank Services members.
To start a subscription to the top resource for bank leaders, click here.
If you are a Bank Services Member, you can access Bank Director by logging in here or entering your magazine passcode and email in the form on the left.
