Capital One, a leading credit card company and bank, is expected to announce tomorrow that it will buy Chevy Chase Bank, a landmark Washington financial firm with branches throughout the region, according to sources familiar with the matter. Capital One will pay $520 million in cash and stock, the sources said, and the transaction is expected to close in the first three months of next year. The company will recognize a loss of $1.75 billion largely on the value of risky mortgage loans it will acquire with Chevy Chase, the sources said. The deal will make Capital One, a ... (more)