BankOne quarter after overtaking Bank of America, Capital One Financial Corp. extended its lead over the Charlotte-based bank in a first-quarter ranking of the U.S.’s largest depository auto lenders.
The ranking, released by SNL Financial, shows McLean, Va.-based Capital One, the parent company of Capital One Bank, grew its auto loans to $ 27.9 billion in the first quarter, up 3 percent from the fourth quarter.
That enabled Capital One to stay in fourth place and keep Charlotte-based Bank of America locked in fifth place.
Bank of America increased its loans by 0.72 percent over the same period, to $ 26.8 billion from $ 26.6 billion.
Capital One knocked Bank of America to fifth place in the fourth quarter, when Capital One’s auto loans increased 2.6 percent from the third quarter.
San Francisco-based Wells Fargo retained its No. 2 spot in the first quarter, with $ 47.2 billion in loans, up 2.7 percent from the fourth quarter.
Wells Fargo needs at least $ 13 billion more in loans to catch up with first place Ally Financial.
Ally, based in New York, was No. 1 in the first quarter, unchanged from the fourth quarter. Ally had $ 60.4 billion in auto loans in the first quarter, down 6.7 percent from $ 64.7 billion in the fourth quarter.
Tags: America Auto bank Behind Capital Further Loans Slips
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The finger twitched2008-06-12 17:19:45 by OldMack
The Carlyle Group beats HAL all hollow!
When they organized this private equity investment group in 1987 a chair was held open for the Veep, George Herbert Walker Bush. Rumors are he picked up his chips and cashed out when little Georgie bought his way into the White House--thanks Ken Lay for all you did for this country; rest in peace.
There are numerous blogs about the Carlyle Grou... to leverage the local insight of its investment professionals, collaborating across the firms investment disciplines from deal sourcing and due diligence through portfolio company development. The result: a broader view of potential investment opportunities and deeper level of expertise, creating value for Carlyle portfolio companies that translates into superior returns for Carlyle investors.
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