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Abstract

Capital One has been making several acquisitions in 2004 and 2005 to strengthen its position in motor vehicle financing, mortgage and home equity loan services. Its latest acquisition of Hibernia National Bank in early March 2005 has provided it with an opportunity to expand into the developing markets of Texas and Louisiana (USA) apart from enabling it to access a cheaper source of funding for its flagship business of selling credit cards. The case focuses on Capital One''s diversification strategy and the reasons behind its various acquisitions. It also deals with the challenges it faces in the second decade of its establishment. Finally, the case takes a look at the credit card industry in the US, which is going through a phase of consolidation.
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March 2005

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Abstract

Capital One has been making several acquisitions in 2004 and 2005 to strengthen its position in motor vehicle financing, mortgage and home equity loan services. Its latest acquisition of Hibernia National Bank in early March 2005 has provided it with an opportunity to expand into the developing markets of Texas and Louisiana (USA) apart from enabling it to access a cheaper source of funding for its flagship business of selling credit cards. The case focuses on Capital One''s diversification strategy and the reasons behind its various acquisitions. It also deals with the challenges it faces in the second decade of its establishment. Finally, the case takes a look at the credit card industry in the US, which is going through a phase of consolidation.

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Location:
Industry:
Other setting(s):
March 2005

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