Capital One Financial appointed Jennifer Jackson president of Capital One Canada. She will be responsible for the overall strategic direction and operations of the Canadian business.
Bloomberg reported that American Apparel posted a wider Q2 loss in a preliminary earnings statement and may not be in compliance with certain provisions of its revolver with Capital One Financial.
Bloomberg reported Wells Fargo and TD Bank are exploring offers for a batch of U.S. commercial-lending businesses General Electric Co. is selling as it whittles down its finance arm.
Capital One Financial said it signed a definitive agreement to acquire Beech Street Capital, a privately-held, national originator and servicer of commercial real estate loans with a portfolio of approximately $10 billion.