Richard D. Fairbank, Chairman and Chief Executive Officer of Capital One Financial Corporation (NYSE:COF), today announced that he has adopted a pre-arranged stock trading plan (the “Plan”) to exercise approximately 1.13 million options to purchase Capital One stock. Mr. Fairbank will only sell shares issued upon exercise of the options sufficient to cover the exercise price of the options,
TMB Bank still keen on stock trading
TMB Bank is looking to acquire a new securities licence following its recent sale of TMB Macquarie to its Australian partner. Boontuck Wangcharoen, the TMB president, said the securities business was a necessary component of the bank's goal to be a full-service, universal bank.
Blue-chip stocks slipped on Tuesday amid renewed worries that higher oil prices could dampen consumer spending and corporate profits, while the Nasdaq index edged up with gains in semiconductor stocks.
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