For the second consecutive year, Forbes magazine recognized Capital One Financial Corporation on its “Forbes 500” lists. In its April 20, 1998 issue, the magazine named Capital One to three lists in the latest edition: the “Forbes Assets 500” list, at number 305; the “Forbes Profits 500” list, at number 400; and the “Forbes Market Value 500” list at 372.
“Capital One has had an exciting year of growth with our product innovations and successful expansions into the UK and Canada,” said Richard D. Fairbank, Capital One’s Chairman and Chief Executive Officer. “All of us at Capital One are delighted with our second consecutive year of inclusion in the Forbes 500.”
Nigel Morris, President and Chief Operating Officer of Capital One added, “This listing is truly a testament to the hard work of our 6,000 associates worldwide who are integral to our success and growth.”
Capital One has locations and associates in Richmond, Fredericksburg and Falls Church, Virginia; Tampa, Florida; Dallas/Fort Worth, Texas; and London and Nottingham, England. The company recently announced plans to hire an additional 2,000 associates in 1998.
Headquartered in Falls Church, Virginia, Capital One Financial Corporation is a financial services company whose principal subsidiaries, Capital One Bank and Capital One, F.S.B., offer consumer lending products. Capital One’s subsidiaries collectively had 11.7 million customers and $14.2 billion in managed loans outstanding at December 31, 1997, and are among the largest providers of MasterCard and Visa credit cards in the world.Details