Capital One Financial Corp
No SEC Form 4 filings for $COF in the last 30 days.
Swedbank AB increased its stake in Capital One Financial Corp. (NYSE: COF) by 3.9% in the fourth quarter, according to an SEC filing. The firm ended the quarter holding 286,451 shares after buying an additional 10,665 shares. The disclosure indicates a larger position in the financial services company.
A 56-year-old Black cybersecurity manager is suing Capital One, claiming his October 2023 layoff was driven by a hidden "forced ranking" system rather than performance, and was discriminatory based on race and age. John Hickman alleges that Capital One's internal "calibration" system required a certain percentage of employees to be rated "Inconsistent," leading to his demotion despite previous "Strong Performance" ratings. The lawsuit highlights age-based discrepancies in layoff selections, with a higher percentage of older employees being terminated.
Citi shareholders approved the bank's say-on-pay resolution, but support significantly decreased from the previous year, receiving only 60.3% approval compared to 91% in 2025. This decline is largely attributed to shareholder concerns and proxy advisory firm recommendations against a one-time $60 million equity award and stock options granted to CEO Jane Fraser upon her appointment as board chair. While the vote is advisory, this outcome suggests Citi may need to address shareholder concerns regarding executive compensation and its determination process.
