(Reuters) - NEW YORK, June 27 - Capital One Financial Corp. , the credit card issuer and banking company, said on Wednesday it expects to eliminate about 2,000 jobs, or 6 percent of its workforce, after struggling with mortgage banking losses and higher credit costs.
The McLean, Virginia-based company expects to incur $300 million of pre-tax charges for the restructuring, including $90 million this quarter and $200 million in 2007. It said these charges should reduce after-tax profit by 15 cents per share this quarter, and 33 cents per share in 2007.
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The McLean, Virginia-based company expects to incur $300 million of pre-tax charges for the restructuring, including $90 million this quarter and $200 million in 2007. It said these charges should reduce after-tax profit by 15 cents per share this quarter, and 33 cents per share in 2007.
Read more at Reuters.com Bonds News
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