Best CEOs: Richard Fairbank -- Barron's

Dow Jones

Jun 24, 2025

(Editor's Note: This article should have published on June 20, 2025, but was delayed due to a technical issue)

By Andrew Bary

Capital One Financial

Capital One Financial is the only Top 10 U.S. bank led by a founder CEO. A relatively small credit-card bank three decades ago that catered partly to subprime borrowers, it is now one of the country's three largest credit-card and auto lenders. A recent $35 billion deal to buy Discover Financial will give it a payments network to take on giants Visa, Mastercard, and American Express.

Richard Fairbank, 74, was an early believer in technology. Capital One built the first national digital bank and uses technology, including artificial intelligence, to price loans. It is adept at credit-card mailings, and will slice potential customers into dozens of different buckets.

"Capital One is a fintech company disguised as a bank, and no one on Wall Street or in the tech sector gets it," says Chris Davis, chairman and portfolio manager at Davis Advisors, which counts the stock as a top holding.

Davis thinks the Discover deal will be a "home run."

Fairbank earned $33.5 million in 2024 and received a $30 million bonus to mark the closing of the Discover deal. He owns 1% of the stock. He is a minority shareholder in the company that owns the Washington Capitals NHL hockey team and Washington Wizards of the NBA.

(END) Dow Jones Newswires

June 23, 2025 21:32 ET (01:32 GMT)

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It is adept at credit-card mailings, and will slice potential customers into dozens of different buckets. \n</p>\n<p>\n  \"Capital One is a fintech company disguised as a bank, and no one on Wall Street or in the tech sector gets it,\" says Chris Davis, chairman and portfolio manager at Davis Advisors, which counts the stock as a top holding. \n</p>\n<p>\n  Davis thinks the Discover deal will be a \"home run.\" \n</p>\n<p>\n  Fairbank earned $33.5 million in 2024 and received a $30 million bonus to mark the closing of the Discover deal. He owns 1% of the stock. 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He is a minority shareholder in the company that owns the Washington Capitals NHL hockey team and Washington Wizards of the NBA. \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 23, 2025 21:32 ET (01:32 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2545422603","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545422603","pubTimestamp":1750728720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Capital One Financial is the only Top 10 U.S. bank led by a founder CEO. A relatively small credit-card bank three decades ago that catered partly to subprime borrowers, it is now one of the country's three largest credit-card and auto lenders. A recent $35 billion deal to buy Discover Financial will give it a payments network to take on giants Visa, Mastercard, and American Express.Richard Fairbank, 74, was an early believer in technology. Capital One built the first national digital bank and uses technology, including artificial intelligence, to price loans. It is adept at credit-card mailings, and will slice potential customers into dozens of different buckets.\"Capital One is a fintech company disguised as a bank, and no one on Wall Street or in the tech sector gets it,\" says Chris Davis, chairman and portfolio manager at Davis Advisors, which counts the stock as a top holding.Davis thinks the Discover deal will be a \"home run.\"","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU0130518102.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4166":"消费信贷","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0106831901.USD":"贝莱德世界金融基金A2","BK4559":"巴菲特持仓","LU1861217088.USD":"贝莱德金融科技A2","BK4585":"ETF&股票定投概念","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","BK4516":"特朗普概念","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","COF":"第一资本","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD"},"translate_title":"最佳首席执行官：理查德·费尔班克——《巴伦周刊》","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COF":0.9},"content_text":"(Editor's Note: This article should have published on June 20, 2025, but was delayed due to a technical issue) \n\n\nBy Andrew Bary \n\n\n  Capital One Financial \n\n\n \n\n\n  Capital One Financial is the only Top 10 U.S. bank led by a founder CEO. A relatively small credit-card bank three decades ago that catered partly to subprime borrowers, it is now one of the country's three largest credit-card and auto lenders. A recent $35 billion deal to buy Discover Financial will give it a payments network to take on giants Visa, Mastercard, and American Express. \n\n\n  Richard Fairbank, 74, was an early believer in technology. Capital One built the first national digital bank and uses technology, including artificial intelligence, to price loans. It is adept at credit-card mailings, and will slice potential customers into dozens of different buckets. \n\n\n  \"Capital One is a fintech company disguised as a bank, and no one on Wall Street or in the tech sector gets it,\" says Chris Davis, chairman and portfolio manager at Davis Advisors, which counts the stock as a top holding. \n\n\n  Davis thinks the Discover deal will be a \"home run.\" \n\n\n  Fairbank earned $33.5 million in 2024 and received a $30 million bonus to mark the closing of the Discover deal. He owns 1% of the stock. He is a minority shareholder in the company that owns the Washington Capitals NHL hockey team and Washington Wizards of the NBA. \n\n\n  (END) Dow Jones Newswires\n\n\n  June 23, 2025 21:32 ET (01:32 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}