Tags: Capital-One | CEO | Home | Prices | fall

Capital One CEO: Home Prices to Continue Falling

Monday, 13 Sep 2010 03:01 PM

Capital One Financial Corp. Chief Executive Officer Richard Fairbank said the bank is cautious about the U.S. housing market and prepared for a continued decline in home prices.

“Despite some of the recent months where home prices have gone up, I think there’s a very plausible case for home prices to go back down again,” Fairbank said at a Barclays Capital investor conference in New York.

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Capital One Financial Corp. Chief Executive Officer Richard Fairbank said the bank is cautious about the U.S. housing market and prepared for a continued decline in home prices. Despite some of the recent months where home prices have gone up, I think there s a very...
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2010-01-13
 

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