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Fitch: Restructuring Charges Impact Capital One's 2Q15 Results

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CHICAGO--(BUSINESS WIRE)--Capital One Financial Corporation's (COF) second quarter 2015 (2Q15) earnings of $830 million were significantly impacted by a $147 million restructuring charge, according to Fitch Ratings. Earnings were further offset by a $41 million build of litigation reserves relative to the company's U.K. Payment Protection Insurance (PPI) reserve. For the industry, PPI insurance was supposed to cover a consumer's debt payments if they couldn't have employment, but in many cases

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