While Wall Street moves to shed jobs by the thousands, Capital One (COF) trumpets plans to hire...

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

While Wall Street moves to shed jobs by the thousands, Capital One (COF) trumpets plans to hire 3,600 new employees as part of its planned takeover of ING Direct. At a Fed hearing last week, critics warned that COF's acquisition would create another "too big to fail" financial giant; today, the same opponents dismiss the hiring pledge as a ploy to placate regulators.