Maintaining corporations straight in the monetary world can get complicated. Banks have a tendency to make use of the same phrases repeatedly of their names. Simply suppose what number of banks have some mixture of the following phrases of their identify: “First”, “Nationwide”, “America”, “Monetary”, “World, “Metropolis”, “Capital”, “U.S.”, “Credit”, and, after all, “Financial institution”.
Two banks that typically get combined up amongst shoppers are Capital One and Credit One Financial institution. Nevertheless, regardless of the incontrovertible fact that they each have “One” of their names and Capital One is most recognized for its bank cards and they each have that boomerang swish as a part of their logos, they’re completely different banks and don’t have any affiliation with each other.
Whereas Capital One gives a spread of bank cards to prospects of all credit score ranges, Credit One Financial institution is more likely to offer bank cards to individuals with weak credit histories.
Unusually sufficient, there doesn’t appear to have been any authorized motion between the banks over the names or logos. Maybe it’s for the very motive I discussed above: banks so typically get their names from the same pool of “bankish” phrases that it will in all probability be tough to make the case that their names are distinctive sufficient to cease different banks from naming themselves one thing very comparable.