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Chevy Chase Bank, F. Despite its name, Chevy Chase Bank was a federally chartered thrift regulated by the Office of Thrift Supervision , rather than a bank. It was formerly held and controlled by the B. Saul Company , served as its chairman. The bank traces its history to , when Bernard Francis Saul founded the B.
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Chevy Chase Bank - Wikipedia

The cash and stock deal will allow Capital One to expand its reach in the affluent suburbs of Washington, while somewhat reducing its reliance on credit cards, where growth is slowing and credit losses are mounting. Citigroup Inc C. N were also bidding for closely held Chevy Chase Bank, according to sources familiar with the matter. In good times, banks often pay more than 20 cents. So Capital One is paying less than it would have likely paid in , but evaluating whether 16 cents is reasonable in this environment is difficult given the scarcity of comparable deals and the uncertain economic outlook, analysts said. Tough times spurred Capital One to forecast last month that defaults on credit cards would rise. It also set aside more money for bad loans in the third quarter, contributing to a 53 percent plunge in earnings from continuing operations.
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Chevy Chase Bank, F.S.B.

Falling global interest rates and generally easing financial conditions contributed to the modest third-quarter gains. Despite strong returns this year, U. Volatility has increased, but the long running tug-of-war between bulls and bears has yet to be resolved. Our base case is that barring a significant change in the U. Although global economic growth has slowed due to manufacturing declines in almost every major economy, central banks around the world have been quick to respond by lowering interest rates.
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Using your credit cards wisely is largely a matter of being informed - e. The legislation strengthens consumer protection in the credit card market and is a comprehensive reform measure to protect credit card holders in the US against unfair interest rate hikes and hidden fees. Specifically, the legislation addresses:. Even with the new law in place, consumers should still be wary and shop around for the credit card that's best for them. To choose a credit card wisely, you must first review and understand the terms and features of the various cards.
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