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Started By
Message
re: Capital One to lay off all Financial Adviser's This friday
Posted on 2/21/18 at 11:34 am to hawkeye007
Posted on 2/21/18 at 11:34 am to hawkeye007
quote:
The Amazon part is the rumor that they had been hearing at Capital One for some time now.
So does that mean NOLA will get an Amazon Bank? Since we have all these Capital One locations.
Funny how life works. Capital One got into branch banking by buying Hibernia. Before that they were just credit cards and loans. The idea was actually to keep the Hibernia brand and expand it. While due diligence was occurring, Katrina hit. They went through with the purchase but decided to brand everything with the Capital One stuff. Now that company could they themselves be purchased by an entity with no experience in the area.
1
Posted on 2/21/18 at 12:44 pm to hawkeye007
layoffs
Here's an article from January. It's stating that Capital One sold their brokerage division to E Trade.
Here's an article from January. It's stating that Capital One sold their brokerage division to E Trade.
Posted on 2/21/18 at 1:17 pm to bowlbound
I don't get why they would lay off FAs based on selling online self-directed accounts. I could see some back office jobs going away.
Posted on 2/21/18 at 1:29 pm to LSUFanHouston
quote:
I don't get why they would lay off FAs based on selling online self-directed accounts.
Advisors don't get commission for these accounts
Posted on 2/21/18 at 1:36 pm to SoFunnyItsNot
quote:
nice ive always wanted to be on the right side of some insider trading
Hope it works out better for me than that Anacott Steel I got one time.
Posted on 2/21/18 at 2:06 pm to LSUFanHouston
Capital One is not your typical bank. They don't carry many traditional bank products. You can get a car loan or a credit card that's it. They have been closing branches this last year. This makes them perfect to become an online bank giant. This is what makes since that amazon could buy them.
Posted on 2/21/18 at 2:21 pm to LSU6262
quote:
Advisors don't get commission for these accounts
Not the FAs selling... the company selling the accounts to e-trade... sorry my English was not awesome with that sentence =)
Posted on 2/21/18 at 9:06 pm to LSUSUPERSTAR
quote:
Will my capital one card be converted to an Amazon card?
What a prophetic slogan.
No one is sure what’s in their wallet.
Posted on 2/21/18 at 10:43 pm to hawkeye007
There is no insider information on this thread.
Just a couple of weak sisters.
Just a couple of weak sisters.
Posted on 2/22/18 at 8:40 am to matthew25
Capital One still has a very sizable commercial lending operation.
Posted on 2/22/18 at 8:47 am to matthew25
quote:
There is no insider information on this thread
Yeah, this was pretty much expected.
Posted on 2/22/18 at 6:25 pm to Walking the Earth
quote:
Hope it works out better for me than that Anacott Steel I got one time.
Never listen to blue horseshoe...
Posted on 2/22/18 at 7:01 pm to Helmethead
Posted on 2/22/18 at 11:47 pm to Helmethead
Blue Horseshoe loves Anacott Steel.
Posted on 2/28/18 at 7:20 pm to hawkeye007
Yep. I got laid off. Sucks
Posted on 3/1/18 at 3:00 am to wasteland
quote:
Yep. I got laid off. Sucks
Sorry to hear. Severance?
Posted on 3/1/18 at 10:11 am to wasteland
Man - that sucks - good luck and land on your feet!
Posted on 3/3/18 at 12:13 pm to LSU6262
Yea,decent severance
Posted on 3/3/18 at 9:38 pm to wasteland
Can’t believe Capital One brokerage had $18 billion in assets. Never heard of them
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