ING Puts Its U.S. Online Banking Unit Up for Sale
The financial firm confirmed plans to sell ING Direct USA as part of its efforts to comply with terms of its Dutch government bailout during the financial crisis.
View ArticleING in Talks to Sell Car Lease Unit
ING, which announced on Friday that it would sell its American online banking unit for $9 billion to Capital One, said on Monday that it was in talks to divest its car lease business.
View ArticleDespite a Spurt of Banking Deals, Pace Ahead Looks Slow
"Too small to succeed" is expected to drive consolidation in the industry, but many bank buyers are choosing to wait.
View ArticleFrank Questions Capital One’s Deal For ING Online Bank
Representative Barney Frank of Massachusetts called on the Federal Reserve to hold public hearings to examine the possible deal's impact on consumers and the economy.
View ArticleCapital One Denies ING Deal Would Make It ‘Too Big to Fail’
Consumer groups and smaller banks are warning that the $9 billion merger, if approved, could pose systemic threats to the economy.
View ArticleCapital One Says ING Direct Deal Will Create Jobs
As Wall Street moves to shed jobs by the thousands, Capital One, whose planned acquisition of ING Direct USA has drawn scrutiny, trumpeted its plans to hire more than 3,600 new employees in 2011.
View ArticleAssailed for Subprime Loans, Capital One Defends ING Deal
Two contrasting images of Capital One -- subprime credit card company or benevolent bank -- were presented at a hearing on its planned acquisition of ING Direct.
View ArticleConsumer Groups Question Capital One’s HSBC Deal
Capital One’s planned takeover of HSBC's American credit card business would face tougher scrutiny from regulators if consumer groups have their way.
View ArticleCapital One Expects to Complete ING Direct Deal Soon
Appearing to overcome consumer opposition, the bank's chief executive says Capital One "is on track" to complete the ING Direct takeover in the first quarter.
View ArticleFed to Vote on Capital One Deal for ING Direct
Under Dodd-Frank, the Federal Reserve must weigh systemic risk when evaluating a deal – and shut down an acquisition that is likely to endanger the economy.
View ArticleFed Delays Vote on Capital One Deal for ING Direct
The Federal Reserve postponed its meeting to vote on Capital One's $9 billion takeover of ING Direct until Monday.
View ArticleCapital One’s Deal for ING Direct Still in Limbo
The Federal Reserve has again declined to announce a decision on the fate of Capital One’s $9 billion takeover of ING Direct USA, the second delay in the last week.
View ArticleFed Clears Capital One’s Deal for ING Direct
But the Federal Reserve, in its ruling on the Capital One Deal, acknowledged that the acquisition of ING Direct USA may pose some risks to the broader financial system.
View ArticleING Group to Sell Stake in Capital One
The Dutch financial services giant ING Group plans to sell its 9 percent stake in Capital One in a deal that could be worth around $3 billion.
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