Capital One tumbles, pulls down North Fork
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Capital One Financial Corp.   shares fell more than 7 percent early Friday after the No. 4  MasterCard and Visa card issuer said British credit losses,  lower U.S. margins and rising costs caused profit to miss Wall  Street forecasts.
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Capital One Financial Corp , a credit card issuer and banking company, posted a third quarter net loss after taking more than $800 million of charges from shuttering its GreenPoint Mortgage business.
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Stocks slid 1 percent in a second day of losses on Tuesday as a brokerage's downgrades of investment banks and renewed credit worries hurt financial companies' shares.
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Stocks tumbled across the board Tuesday, with the Dow industrials sinking about 500 points at one point. It closed 415 points down -- the biggest one-day drop in three years. The New York Stock Exchange tried to limit declines by imposing trading curbs. The selloff is on the back of a nearly eight-month rally.
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Shares of subprime lender tumble after margin calls.
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Shares in the bank plummet on fears that it is exposed to risky conduits.
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Citigroup  and Goldman Sachs   are the most exposed to further writedowns from  leveraged loans in the first quarter, as the value of loans and  bonds created to finance leveraged buyouts plunges, Bank of  America said.
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NEW YORK - Stocks tumbled Wednesday as investors saw a surge in oil prices and disappointing earnings from Morgan Stanley as a reason to collect profits from gains of the last month.
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Northern Rock shares have a turbulent time after a week in which its stock tumbled in the wake of a credit crisis.
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Leading London shares closed lower Monday with Northern Rock plummeting 35 percent, Alliance &amp; Leicester down over 32 percent, and the US unable to offer much support ahead of the US Federal Reserve&#39;s decision on interest rates tomorrow.
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Northern Rock shares plunge after it seeks emergency help from the Bank of England.
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Citigroup wrote off a colossal $18.1 billion on Tuesday and secured new capital as Merrill Lynch, also seen heading for big losses due to the U.S. subprime mortgage meltdown, announced a $6.6 billion shot in the arm.
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Wall Street extended its 2008 plunge Thursday, tumbling after a regional Federal Reserve report showed a sharp decline in manufacturing activity
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Capital One Financial Corp , a credit card issuer and bank, said on Wednesday that fourth-quarter earnings fell on rising credit card loan losses and losses related to a shut-down mortgage unit.
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US stocks plunged in a torrid week, suffering their steepest one-day fall in equities since 2001. The slump reversed the year's gains, and left open the question of whether worse was to come.
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Stocks tumbled on Wednesday as a probe of the home loan industry by New York's attorney general drew in the country's biggest mortgage finance companies and Washington Mutual Inc warned the housing downturn would extend well into next year.
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Blackstone Group LP  units tumbled more than 6 percent in Tuesday morning trade, falling below the $31 price the private equity giant fetched in its initial public offering last week.