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Capital One did a great job shaking up consumer credit in the late 90s, and then branch banking in the mid 2000s with their weird combination cafe+branches. The
by Centigonal 2y ago
Capital One did a great job shaking up consumer credit in the late 90s, and then branch banking in the mid 2000s with their weird combination cafe+branches. They're eighth in the US by domestic deposits today. Does the firm need to be headquartered in Silicon Valley for disruption to have occurred?
- onlypassingthru 2y agoIt was ING Direct who built the unusual US cafe/bank operation and eventually sold it all to Capital One as part of the great financial crisis restructuring in 2011. https://www.ing.com/Newsroom/News/Press-releases/PROld/ING-to-sell-ING-Direct-USA-to-Capital-One.htm https://www.ing.com/Newsroom/News/Press-releases/PROld/ING-t...
- Centigonal 2y agoInteresting! I didn't know that