Capital One to lay off 286 employees from Plano office by Oct. 1

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A Capital One spokesperson said the layoffs are tied to a May 8 announcement that Capital One had sold off approximately $17 billion worth of first and second lien mortgages to DLJ Mortgage Capital.

“Strong market demand enabled us to negotiate and sign this complex transaction more quickly than we thought possible,” Capital One CFO R. Scott Blackley said in a company news release.

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