Sunday, March 12, 2006

Capital One to Buy North Fork for U$14.6 Billion

Cash and Stock Deal Marks Push Into Traditional Banks, Cutting Credit-Card RiskThe Wall Street Journal, Dennis K. Berman & Robin Sidel, 13 March 2006Capital One Financial Corp. agreed to buy North Fork Bancorp for $14.6 billion in cash and stock, accelerating the large credit-card issuer's push into the traditional banking business.The deal, which the companies disclosed last night, underscores

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