COF Capital One Financial Corporation

   By Matthias Rieker 

Capital One Financial Corp. (COF) decided late Sunday to keep all its 350 branches in New York and New Jersey closed on Monday in anticipation of Hurricane Sandy.

"Decisions regarding closings and reopenings of branches and other business operations are based mainly on safety considerations," said a spokeswoman for the Mclean, Va.-based bank.

Capital One is the fifth largest retail bank by deposits in the metropolitan New York area, according to the Federal Deposit Insurance Corp., with an extensive branch network on Long Island and Manhattan. The spokeswoman said automated teller machines will continue to function, and customers can continue to bank over the Internet.

   Write to Matthias Rieker at matthias.rieker@dowjones.com