Another blow against the income-seekers, Capital One (COF) announces it will redeem $3.65B of...

|About: Capital One Financial Co... (COF)|By:, SA News Editor

Another blow against the income-seekers, Capital One (COF) announces it will redeem $3.65B of trust preferred securities. The high-cost paper is in the process of being called by most financials as it will no longer by allowed to count towards capital buffers. (PR)