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Capital One CEO Fairbank Received $22.6 Million in 2012

Capital One Financial Corp. (COF) Chairman and Chief Executive Richard Fairbank received compensation valued at $22.6 million in 2012, as the banking company completed two large acquisitions that boosted assets by about 50%.Mr. Fairbank's package included about $16 million in stock awards, $4.4 million in option awards and $2.2 million in the form of a deferred cash bonus--the first such bonus he's received in more than a decade.In 2011, he received $18.7 million, including $10.5 million in stock awards, $8 million in options and other compensation. The increase in 2012 was due partly to the bonus, which is deferred for three years.The bonus was determined this past January but awarded for performance in 2012, the company said.A spokeswoman for Capital One said the majority of compensation for Mr. Fairbank, 62 years old, remains at risk and is primarily equity-based, noting he once again received no base salary. She also noted all incentive awards are subject to clawback provisions.Cap...

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  1. Capital One Posts Hefty Increase In Profit

    Buoyed by strength in its ING Direct and HSBC U.S. credit card units, Capital One Financial on Thursday reported a hefty increase in third quarter profit. The compan...

  2. Bank of America, Others to End Debt-Protection Products

    Bank of America Corp. (BAC) and other banks have stopped selling add-on products to credit-card customers that suspend borrowers' minimum monthly payments in the eve...

  3. Bank of America Nixes Debt-Protection Product Amid Industry Scrutiny

    Bank of America Corp. (BAC) has stopped selling to credit-card customers add-on products that suspend borrowers' minimum monthly payments in the event of a job loss ...

  4. BofA Nixes Debt-Protection Product amid Scrutiny

    Bank of America Corp. (BAC) has stopped selling to credit-card customers add-on products that suspend borrowers' minimum monthly payments in the event of a job loss ...

  5. Capital One Financial's 2Q Results: Postgame Scorecard

    Despite rising sales, Capital One Financial (NYSE:COF) reported falling profit in the second quarter.Earnings and Revenue The company fell short of estimates with ad...

  6. Capital One Offers Customers Refunds Over Sales Tactics

    Capital One Financial Corp. (COF) is setting aside $75 million for customer refunds stemming from outside sales agents who violated company policy when selling produ...

  7. Capital One Offers Refunds Over Sales Tactics

    Capital One Financial Corp. (COF) is setting aside $75 million for customer refunds stemming from employees who violated company policy when selling products to cred...

  8. Capital One Completes Acquisition Of ING Direct

    Capital One Financial Corp. (COF) said Friday that it completed its acquisition of ING Direct USA from ING Groep NV (ING, INGA.AE).Terms of the deal remain the same ...

  9. Federal Reserve Board Approves Capital One Plan To Buy ING Bank

    The U.S. Federal Reserve Board, after building suspense by delaying a decision twice in a week, unanimously approved Capital One Financial Corp.'s (COF) controversia...

  10. Credit-Card Spending Makes A Comeback As Confidence Rises

    Consumers' aversion to credit cards seems to be waning.Revolving credit is rising, and many credit-card issuers have revved up marketing in hopes of winning new cust...

  11. Fed tested on "too big to fail" in merger review

    By Alexandra AlperWASHINGTON (Reuters) - Consumer groups will try to convince the Federal Reserve this week that rubber stamping the Capital One Financial Corp <COF....

  12. Capital One Buys HSBC Credit-Card Arm in $32.7B Deal

    Capital One (NYSE:COF) unveiled plans on Wednesday to scoop up the U.S. credit card operations of British lender HSBC (NYSE:HBC) for a premium of about $2.6 billion....

  1. Capital One to Sell Best Buy Card Portfolio to Citigroup

    Capital One Financial Corp. (COF) is selling about $7 billion of credit-card loans made for retailer Best Buy Co. (BBY) to Citigroup Inc. (C) at about book value.Wit...

  2. Capital One CEO 2012 Compensation $17.5 Million, Down 8.9% From 2011

    Capital One Financial Corp. (COF) Chairman and Chief Executive Richard Fairbank received compensation valued at $17.5 million for 2012--including, for the first time...

  3. Capital One Names Former Morgan Stanley Financial Chief Crawford CFO Designate

    Capital One Financial Corp. (COF) said Friday Chief Financial Officer Gary Perlin will retire in May, and former Morgan Stanley (MS) CFO Stephen Crawford will join t...

  4. Capital One Names Former Morgan Stanley CFO Crawford as CFO-Designate

    Capital One Financial Corp. (COF) said Friday its Chief Financial Officer Gary Perlin will retire in May, and former Morgan Stanley (MS) CFO Stephen Crawford will jo...

  5. Banking's 'Debbie Downers' May Be Too Pessimistic

    The heads of major U.S. banks are sounding cautious notes about the next 12 months. But some of the analysts tracking their companies don't share the bankers' persis...

  6. Capital One CEO Expects 'Meaningful Dividend in 2013'

    Capital One Financial Corp. (COF) Chairman and Chief Executive Richard Fairbank said the bank hasn't asked the Federal Reserve for any share buybacks this year.Mr. F...

  7. Capital One CEO: Business Customers Holding Back Investments in Face of Fiscal Cliff

    Business clients are holding back on investments amid uncertainty over the so-called fiscal cliff, Capital One Financial Corp. (COF) Chairman and Chief Executive Ric...

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