Navigate this market better. Subscribe for FREE stock alerts and information.

Monday, April 4, 2011

Capital One interested in buying ING's US online bank - Bloomberg

Capital One Financial is among firms that have expressed interest in buying ING Direct USA, the online banking arm of Dutch financial services firm ING Groep NV , Bloomberg said, citing two people with knowledge of the matter. The European Union had earlier ordered ING to divest its U.S. online lender as a condition of a 10 billion euro ($14 billion) government bailout, according to the agency. Capital One was not immediately available for comment outside regular U.S. business hours. (Reporting by Sakthi Prasad in Bangalore; Editing by Muralikumar Anantharaman)

Source