Capital One announced the acquisition of Chevy Chase Bank for $520 million. Chevy Chase has $11.6 billion in deposits and is the #1 bank in the Washington D.C. market. The acquisition enhances Capital One's local banking business and deposit funding. It is expected to be financially attractive with an estimated 13% internal rate of return and accretion to earnings per share in 2009 and 2010. Capital One took a $1.75 billion net credit mark on Chevy Chase's loans to mitigate credit risks.
• Stable loan growth. The banking industry kept up its loan growth pace of 10.9%
yoy in Mar 09. This was partly driven by a 20-30% jump in loans classified as
“others”, which are loans extended to government agencies and non-bank
financial institutions. Business loan growth decelerated from 10% in Feb 09 to
9.5% in Mar 09 while the growth pace for consumer loans was sustained at 8.8%.
• Lethargic leading loan indicators. Leading loan indicators remained subdued in
Mar 09 – loan applications rose by only 4.8% yoy while loan approvals dipped by
0.7% yoy. The business loan segment was the culprit, with applications and
approvals dwindling 11-13% yoy and offsetting the 13-22% increase in the
indicators for consumer loans.
• Still expecting loan momentum to lose steam. We continue to expect a sharp
fall-off in industry loan growth from 12.8% in 2008 to 2-3% in 2009 given (1) the
sluggish leading loan indicators, (2) slower economic growth, and (3) the downshift
in car sales.
• Sliding lending rates. In response to the OPR cut on 24 Feb 09, banks reduced
their fixed deposit (FD) rates a few days later but BLRs for most banks were
lowered later by about 40bp in early Mar. As a result, FD rates were stable at 2.02-
2.52% but the average lending rate shrank by 105bp yoy and 33bp mom to an alltime
low of 5.16%.
• Ample liquidity. As loan growth of 10.9% outpaced the deposit growth of 8%,
banks’ loan-to-deposit rate tightened to 73.7% as at end-Mar 09 from 70.8% a
year ago. The system still has plenty of excess liquidity estimated to be about
RM219bn in mid-Apr 09 vs. RM216.8bn as at end-Mar 09.
• NPL ratio still improving, for now. Banks’ 3-month net NPL ratio declined by
73bp yoy to 2.2% in Mar 09 but was stable mom. Gross NPL ratio also fell by
154bp yoy and 21bp mom to 4.6%. The reserve coverage improved from 76.5% a
year ago to 86.4%, aided by a 16.9% yoy drop in gross NPLs against a 6.1%
decline in total provisioning.
• Maintain NEUTRAL. We remain NEUTRAL on Malaysian banks as the stillhealthy
banking numbers suggest that banks could perform better than we and the
market expect despite the downbeat economic outlook. Although banks’ net
earnings are estimated to pull back 6.5% this year, we anticipate a 17.4% rebound
in 2010. Over the longer term, many banks will also reap the benefits from their
ongoing revamps and regional expansion. Public Bank remains our top pick for the
sector.
Capital One: Command center everywhere: Decentralizing the command center, pr...SocialMedia.org
In their SocialMedia.org Member Meeting case study presentation, Capital One’s Principal Product Manager of Social Media Monitoring, Andrew Kauz, and Senior Brand Manager, Sherry Roper, explain how they decentralized their listening command center strategy to raise the importance of social data.
They also talk about how their Spark Newsroom allows them to leverage social to offer additional service offerings to the team and business partners.
• Stable loan growth. The banking industry kept up its loan growth pace of 10.9%
yoy in Mar 09. This was partly driven by a 20-30% jump in loans classified as
“others”, which are loans extended to government agencies and non-bank
financial institutions. Business loan growth decelerated from 10% in Feb 09 to
9.5% in Mar 09 while the growth pace for consumer loans was sustained at 8.8%.
• Lethargic leading loan indicators. Leading loan indicators remained subdued in
Mar 09 – loan applications rose by only 4.8% yoy while loan approvals dipped by
0.7% yoy. The business loan segment was the culprit, with applications and
approvals dwindling 11-13% yoy and offsetting the 13-22% increase in the
indicators for consumer loans.
• Still expecting loan momentum to lose steam. We continue to expect a sharp
fall-off in industry loan growth from 12.8% in 2008 to 2-3% in 2009 given (1) the
sluggish leading loan indicators, (2) slower economic growth, and (3) the downshift
in car sales.
• Sliding lending rates. In response to the OPR cut on 24 Feb 09, banks reduced
their fixed deposit (FD) rates a few days later but BLRs for most banks were
lowered later by about 40bp in early Mar. As a result, FD rates were stable at 2.02-
2.52% but the average lending rate shrank by 105bp yoy and 33bp mom to an alltime
low of 5.16%.
• Ample liquidity. As loan growth of 10.9% outpaced the deposit growth of 8%,
banks’ loan-to-deposit rate tightened to 73.7% as at end-Mar 09 from 70.8% a
year ago. The system still has plenty of excess liquidity estimated to be about
RM219bn in mid-Apr 09 vs. RM216.8bn as at end-Mar 09.
• NPL ratio still improving, for now. Banks’ 3-month net NPL ratio declined by
73bp yoy to 2.2% in Mar 09 but was stable mom. Gross NPL ratio also fell by
154bp yoy and 21bp mom to 4.6%. The reserve coverage improved from 76.5% a
year ago to 86.4%, aided by a 16.9% yoy drop in gross NPLs against a 6.1%
decline in total provisioning.
• Maintain NEUTRAL. We remain NEUTRAL on Malaysian banks as the stillhealthy
banking numbers suggest that banks could perform better than we and the
market expect despite the downbeat economic outlook. Although banks’ net
earnings are estimated to pull back 6.5% this year, we anticipate a 17.4% rebound
in 2010. Over the longer term, many banks will also reap the benefits from their
ongoing revamps and regional expansion. Public Bank remains our top pick for the
sector.
Capital One: Command center everywhere: Decentralizing the command center, pr...SocialMedia.org
In their SocialMedia.org Member Meeting case study presentation, Capital One’s Principal Product Manager of Social Media Monitoring, Andrew Kauz, and Senior Brand Manager, Sherry Roper, explain how they decentralized their listening command center strategy to raise the importance of social data.
They also talk about how their Spark Newsroom allows them to leverage social to offer additional service offerings to the team and business partners.
Building Real Time Targeting Capabilities - Ryan Zotti, Subbu Thiruppathy - C...Sri Ambati
A team of data and software engineers and data scientists at Capital One are experimenting with various technologies to enable lightning-fast promotional content that visitors will see when they visit Capital One’s website looking to apply for a credit card. In this presentation we’ll first talk about some of the technologies that we’re exploring such as the Akka-based Play framework, and H2O, a popular open source machine learning library. We will explore our evolution of data science and the H2O tools used to create the groundwork for continuous and automated testing and optimization, with the ability to scale across the entire company. Then conclude with a quick demo followed by a few tips and tricks that we learned along the way. #h2ony
- Powered by the open source machine learning software H2O.ai. Contributors welcome at: https://github.com/h2oai
- To view videos on H2O open source machine learning software, go to: https://www.youtube.com/user/0xdata
DOES SFO 2016 - Topo Pal - DevOps at Capital OneGene Kim
In my previous years’ talks at DevOps Enterprise Summit, I spoke about starting and scaling of DevOps at Capital One; importance of Open Source, Open Technology and Innovations in DevOps.
This year, I will present Capital One’s journey of maturing in DevOps and Continuous Delivery. My presentation will cover our current areas of focus: Delivery Pipeline, Flow and Measurements. I will also share some of the problems we faced and what we did to solve them.
Clipper: A Low-Latency Online Prediction Serving System: Spark Summit East ta...Spark Summit
Machine learning is being deployed in a growing number of applications which demand real-time, accurate, and robust predictions under heavy query load. However, most machine learning frameworks and systems only address model training and not deployment.
In this talk, we present Clipper, a general-purpose low-latency prediction serving system. Interposing between end-user applications and a wide range of machine learning frameworks, Clipper introduces a modular architecture to simplify model deployment across frameworks. Furthermore, by introducing caching, batching, and adaptive model selection techniques, Clipper reduces prediction latency and improves prediction throughput, accuracy, and robustness without modifying the underlying machine learning frameworks. We evaluated Clipper on four common machine learning benchmark datasets and demonstrate its ability to meet the latency, accuracy, and throughput demands of online serving applications. We also compared Clipper to the Tensorflow Serving system and demonstrate comparable prediction throughput and latency on a range of models while enabling new functionality, improved accuracy, and robustness.
DockerCon SF 2015: Using Docker to Keep Houses Warm: Highly Distributed Micro...Docker, Inc.
Eric Feliksik's Slides from his DockerCon presentation:
Nerdalize is a Dutch start-up that provides affordable and green computing power with an innovative approach. We heat living rooms with CPUs, as high-performance computer hardware is fit into a beautiful design radiator. While home owners heat for free, a massive distributed compute infrastructure becomes available.
In this talk, we give a detailed overview of how Docker, Rancher and other tools in the ecosystem enable us to leverage such a highly distributed micro-datacenter architecture. We discuss how our approach drastically eliminates data center infrastructure costs, and how we aim to change the environmental impact of the compute industry.
Real-time Platform for Second Look Business Use Case Using Spark and Kafka: S...Spark Summit
In this talk we will introduce the business use case of how we create a real-time platform for our Second Look project using Spark and Kafka.
Second Look is a feature created by Capital One to detect and notify cardholders of these potential mistakes and unexpected charges. We bring them to the attention of the customers automatically through email alerts and push notifications to ensure customers can take timely action. The situations can be resolved through a conversation with the merchant, or a dispute on your charge directly to Capital One. We help to guide the user through this resolution path through our user experiences.
We use Spark extensively to build the infrastructure for this project. Before we use Spark and Kafka, the alerts were not sent in real-time and there were delays in days between when the customers transact and when customers receive the alerts. With the power of Spark and Kafka, we are able to send the alert in a more timely manner. We will share how we connect each parts together from data ingestion to processing, alert generation, and alert delivery. We will demonstrate how Spark plays critical role in the whole infrastructure.
What’s next? We will leverage more power of machine learning using Spark to generate various types of alerts.
Capital One Digital Strategy - Rachel ShapiroRachel Shapiro
This presentation is about my ideas for where I think the future of Capital One's digital strategy should look like and how it can appeal to larger audiences.
Business Strategy for Banks and Credit UnionsSerge Milman
Webinar presented on August 7, 2013 on WhyBusiness Strategy is Essential for Community Banks and Credit Unions. Recording of the webinar can be accessed http://bankblog.optirate.com/business-strategy-essential/
Mercer Capital's Bank Watch | October 2020 | Low Rates and Tighter NIMs Spur ...Mercer Capital
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Mercer Capital's Business Development Companies Quarterly Newsletter | Q1 2015Mercer Capital
"Business development companies are an important and growing source of funding for middle market companies. Along with private equity and other investment funds, BDCs provide billions of dollars of investment capital to private companies in every segment of the economy.
For over thirty years, Mercer Capital has met the valuation needs of the same middle market companies to which BDCs and other funds provide capital.
This quarterly newsletter tracks the financial and stock market performance of the public BDCs."
Showcase your investment plan with our content ready Corporate Finance PowerPoint Presentation Slides. The ready to use financial management PowerPoint complete deck contains various templates like financial management goals, objectives, US financial system, financial instruments, rights issue, debenture, time value for money parameters, valuation of bonds, comparative statement, common size statement, balance sheet , cash flow statement, trend analysis, ratio analysis, cash flow for operating activities and many more. Determine the financial needs and ensure availability to adequate funds. Get your audience to focus on forex capital analysis, capital budgeting evaluation techniques of projects, capital structure and dividend policy, leverage analysis, cost of capital, working capital analysis, receivable management, inventory management, economic order quality, FIFO and LIFO method, commodity exchange basics and types, commodity exchange structure, financial risk management, types and components, financial risk analysis, capital asset pricing model, etc. Download financial accounting PPT slides to describe methods & techniques of the company’s finances and capital management.Imitate intelligently with our Corporate Finance PowerPoint Presentation Slides. Imbibe the good from different examples
"You can download this product from SlideTeam.net"
Presenting this set of slides with name - Corporate Finance Powerpoint Presentation Slides. This PPT deck displays eighty slides with in-depth research. Our topic oriented Corporate Finance Powerpoint Presentation Slides presentation deck is a helpful tool to plan, prepare, document and analyze the topic with a clear approach. We provide a ready to use deck with all sorts of relevant topics subtopics templates, charts and graphs, overviews, analysis templates. O. It showcases of all kind of editable templates infographics. You can make changes to colors, data, and fonts if you need to. Download PowerPoint templates in both widescreen and standard screen. The presentation is fully supported by Google Slides. It can be easily converted into JPG or PDF format. https://bit.ly/3pEi9qk
Showcase your investment plan with our content ready Financial Management PowerPoint Presentation Slides. The ready to use financial management PowerPoint complete deck contains various templates like financial management goals, objectives, US financial system, financial instruments, rights issue, debenture, time value for money parameters, valuation of bonds, comparative statement, common size statement, balance sheet , cash flow statement, trend analysis, ratio analysis, cash flow for operating activities and many more. Determine the financial needs and ensure availability to adequate funds. Get your audience to focus on forex capital analysis, capital budgeting evaluation techniques of projects, capital structure and dividend policy, leverage analysis, cost of capital, working capital analysis, receivable management, inventory management, economic order quality, FIFO and LIFO method, commodity exchange basics and types, commodity exchange structure, financial risk management, types and components, financial risk analysis, capital asset pricing model, etc. Download financial accounting PPT slides to describe methods & techniques of the company’s finances and capital management.Imitate intelligently with our Corporate Finance PowerPoint Presentation Slides. Imbibe the good from different examples.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
2. Forward looking statements
Please note that the following materials containing information regarding Capital One’s financial performance speak only as of the
particular date or dates indicated in these materials. Capital One does not undertake any obligation to update or revise any of the
information contained herein whether as a result of new information, future events or otherwise.
Certain statements in this presentation and other oral and written statements made by Capital One from time to time are forward-
looking statements, including those that discuss, among other things, strategies, goals, outlook or other non-historical matters;
projections, revenues, income, returns, earnings per share or other financial measures for Capital One; future financial and operating
results; and Capital One’s plans, objectives, expectations and intentions; and the assumptions that underlie these matters. To the extent
that any such information is forward-looking, it is intended to fit within the safe harbor for forward-looking information provided by the
Private Securities Litigation Reform Act of 1995. Numerous factors could cause our actual results to differ materially from those described
in such forward-looking statements, including, among other things: general economic and business conditions in the U.S., the UK, or
Capital One’s local markets, including conditions affecting consumer income and confidence, spending and repayments, changes in the
credit environment, including an increase or decrease in credit losses or changes in the interest rate environment; competition from
providers of products and services that compete with Capital One’s businesses; financial, legal, regulatory, tax or accounting changes or
actions, including actions with respect to litigation matters involving Capital One; increases or decreases in our aggregate accounts or
consumer loan balances or the growth rate or composition thereof; the amount and rate of deposit growth; changes in the reputation of or
expectations regarding the financial services industry and/or Capital One with respect to practices, products or financial condition; the
risk that synergies from Capital One’s acquisitions may not be fully realized or may take longer to realize than expected; disruptions from
Capital One’s acquisitions negatively impacting Capital One’s ability to maintain relationships with customers, employees or suppliers; the
risk that the benefits of Capital One’s cost savings initiatives may not be fully realized; Capital One’s ability to access the capital markets
at attractive rates and terms to fund its operations and future growth; losses associated with new or changed products or services; Capital
One’s ability to execute on its strategic and operational plans; any significant disruption in Capital One’s operations or technology
platform; Capital One’s ability to effectively control costs; the success of Capital One’s marketing efforts in attracting and retaining
customers; Capital One’s ability to recruit and retain experienced management personnel; changes in the labor and employment market;
and other factors listed from time to time in reports that Capital One files with the Securities and Exchange Commission (the “SEC”),
including, but not limited to, factors set forth under the caption “Risk Factors” in its Annual Report on Form 10-K for the year ended
December 31, 2007, its Quarterly Report on Form 10-Q for the quarters ended March 31, 2008, June 30, 2008 and September 30, 2008,
and its current report on form 8-K filed September 24, 2008. You should carefully consider the factors discussed above in evaluating
these forward-looking statements. All information in these slides is based on the consolidated results of Capital One Financial
Corporation, unless otherwise noted. A reconciliation of any non-GAAP financial measures included in this presentation can be found in
Capital One’s most recent Form 10-K concerning annual financial results, available on Capital One’s website at www.capitalone.com in
Investor Relations under “About Capital One.”
2
3. Chevy Chase is a strategically and financially
attractive acquisition
• A leading local banking franchise in one of the best markets*
– $11.6 billion in deposits
– #1 branch share, #1 ATM share, #5 deposit share
– Attractive market
• 9th largest MSA by population, with above average population growth
• Highest per capita income among the Top 20 MSAs
• Lowest unemployment rate among the Top 20 MSAs
• Enhances our local banking business
– Further improves our core deposit funding base
– Expands our portfolio of attractive local banking franchises
– Adds additional scale in our bank operations
– Brings outstanding customer and technology platforms
• Financially attractive and low-risk transaction
– Estimated 13%+ IRR
– Accretive in 2009 to operating EPS (excluding restructuring charges) and on a GAAP
EPS basis in 2010
– Credit risks mitigated by a $1.75 billion net mark
– Balance sheet and liquidity remain strong post-acquisition
– Proximity to Capital One operations and management reduces integration risk and
enables synergies
– Small acquisition relative to the size of Capital One
3
*Company data and SNL
4. Transaction Summary
Transaction Value* $520 Million
Consideration Mix $445MM cash; $75MM COF stock
Expected Close Q1 2009
Pro-forma Capital Ratios
TCE of 5.4% and Tier 1 of approximately 12.9%
As of 9/30/08
No shareholder approvals required
Approvals
Customary regulatory approvals
*To the extent that losses on certain of Chevy Chase’s Option ARM loans are less than the level reflected in the net credit mark, Capital One will share
4
a portion of this benefit with CCB shareholders. Any sharing will occur after 12/31/13.
5. Chevy Chase has a strong presence in the
Washington, DC MSA
• $15.5B in assets
• $11.6B in deposits (#5 in DC MSA)
• 244 branches (#1 in DC MSA)
• Over 1,000 ATMs (#1 in DC MSA)
• Customer service and convenience oriented
business and brand
• Strong local affiliations/partnerships
– Exclusive ATM provider for the Washington
area metro system
– ATMs at the Verizon Center
– Field naming rights for University of Maryland
football stadium
– Support over 70 local non-profit organizations
5
Source: SNL, Company Reports
6. The metro Washington, DC MSA is among the
most attractive local banking markets in the U.S.
Top 10 MSAs by Population Population Growth
M
30%
2008 2000-2008
25
24%
20
18%
15
12%
10
National Avg.
6%
5
0%
0
N ew Lo s C hic a go D a lla s P hila - H o us t o n M ia m i A t la nt a Wa s h. D e t ro it
N ew Lo s C hic a go D a lla s P hila - H o us t o n M ia m i A t la nt a Wa s h. D e t ro it
Y o rk A nge le s de lphia DC
Y o rk A nge le s de lphia DC
Median Household Income Unemployment Rate
$000
7%
2008 1997-2008
$90
6%
5%
National Avg.
$60
National Avg.
4%
3%
Wash. DC
$30 2%
1%
0%
$0
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
N ew Lo s C hic a go D a lla s P hila - H o us t o n M ia m i A t la nt a Wa s h. D e t ro it
(Oct)*
Y o rk A nge le s de lphia DC
*Preliminary number for Wash. DC
6
Note: Green bars indicate existing Capital One Bank footprint
Sources: SNL, US Dept of Labor
7. With Chevy Chase we have several market
leadership positions
Local Deposit Market Share
New York MSA New Orleans MSA Washington, DC MSA
Deposits % Deposits % Deposits %
($B) Share ($B) Share ($B) Share
$7.6 29.5%
1. JPM Chase $97.3 19.7% 1. Capital One 1. B of A $13.2 13.5%
2. Citi 2. JPM Chase 2. Wells Fargo
$4.5 17.6%
$55.9 11.3% $13.1 13.5%
3. Capital One 3. Whitney 3. BB&T
$33.7 6.8% $3.6 14.2% $11.8 12.2%
4. Wells Fargo 4. Regions 4. SunTrust
$30.9 6.3% $2.5 9.9% $11.8 12.1%
5. TD 5. Gulf Coast 5. COF/Chevy Chase $11.0
$0.7 2.7%
$30.1 6.1% 11.3%
6. B of A 6. Fidelity 6. PNC
$0.7 2.7%
$30.0 6.1% $6.8 7.0%
7. HSBC 7. Omni 7. Citi
$0.5 2.1%
$26.2 5.3% $4.2 4.4%
8. Hudson City 8. First NBC 8. United Bkshrs
$0.5 2.1%
$15.4 3.1% $2.2 2.3%
$0.5 2.0%
$14.6 3.0% $2.1 2.2%
9. Sovereign 9. First Trust 9. VA Commerce
10. Astoria 10. IBERIA 10. M&T
$0.5 1.9%
$13.3 2.7% $2.0 2.0%
7
Notes: Deposit data exclude non-retail branches; excludes estimated corporate and other non-traditional deposits by excluding balances in excess of $1B deposits for any individual branch; all data
as of June 2008 and adjusted pro forma for large acquisitions since that time
Source: SNL
8. We have taken a net credit mark of $1.75 billion
As of September 30, 2008
Balance Gross credit Gross credit Allocated net credit
Loan Category ($MM) mark ($MM) mark (%) ALLL ($MM) mark ($MM)
Option ARM 4,150 1,350 33% 163 1,187
Other mortgage 4,007 240 6% 27 213
Home Equity 1,458 87 6% 17 70
C&I 760 40 5% 3 37
CRE 688 50 7% 2 48
SFR Construction 360 180 50% 10 170
Auto/other consumer 290 4 1% 4 0
Other (R&W, REO) n/a 24 n/a - 24
TOTALS 11,713 1,976 17% 226 1,750
The Option ARM mark is equivalent to
a 75% default rate with 45% severity
8
9. The Chevy Chase acquisition is financially attractive
• $125 million annually
Cost Savings
• Run-rate fully achieved by mid -2010
• Restructuring and transaction costs of $225 million, expensed in 2009
Merger Costs
and 2010
IRR • Estimated 13%+ IRR
• Accretive in 2009 to operating EPS (excluding restructuring charges)
EPS Impact
and on a GAAP EPS basis in 2010
9