Kevin Depew of MV notes that Capital One Financial was closing their GreenPoint Mortgage division and laying off 1,900.
With tongue firmly in cheek, Kevin also notes that Capital One Financial is being renamed Capital 0.75 Financial.
Five Things You Need to Know: Foreclosures Nearly Double; Capital .75 Financial
Minyanville, Aug 21, 2007 12:36 pm
Capital One shuts wholesale mortgage unit
Credit card giant cutting 1,900 jobs; to take $860 million charge
MarketWatch, 8:51 PM ET Aug 20, 2007