By Maria Armental
Capital One Financial Corp. said the U.S. Justice and Treasury
departments are looking into possible money-laundering violations
at the company.
The bank said the Justice Department is also reviewing its
subprime auto finance business.
The McLean, Va., company said the federal authorities had asked
for the information in "early 2015," according to a regulatory
filing.
Last year, Capital One disclosed similar requests for
information from the New York District Attorney's Office, saying
New York officials were reviewing "certain check casher clients of
the Commercial Banking business."
The company has also received a subpoena from The New York
District Attorney's Office seeking information related to its
subprime auto finance business.
Capital One is among the largest U.S. credit-card lenders, and
offers bank accounts, auto loans and mortgages.
Shares closed at $80.50 on Tuesday, up 13% over the past 12
months.
Write to Maria Armental at maria.armental@wsj.com
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