Thursday, February 16, 2012

Capital one ING direct

  • Capital One said it wont change a thing for customers at much-beloved ING Direct, responding to consumer groups worried that its acquisition of the online bank would translate into new and higher fees.
  • (Huffington Post)
  • Feb. 15 (Bloomberg) -- Capital One Financial Corp.'s planned purchase of ING Groep NV's U.S. online bank won approval from the Federal Reserve, clearing the way for the credit-card lender to add about $80 billion in deposits.
  • (Businessweek)
  • It's a 'YES' for Capital One Financial Corporation's (NYSE:COF - News) plan to acquire ING Direct USA, the online banking unit of Amsterdam-based ING Groep NV (NYSE:ING - News). On Tuesday, the Federal Reserve finally approved the deal.
  • (Yahoo Finance)
  • WASHINGTON (AP) -- Capital One has won approval to acquire ING Direct for $9 billion, clearing the way for it to become the nations fifth-largest bank.
  • (Yahoo Finance)
  • WASHINGTON—The Federal Reserve Board, after delaying a decision twice in a week, unanimously approved Capital One Financial Corp.s plan to buy ING Groep NVs U.S.
  • (Wall Street Journal)
  • In addition, Zacks Equity Research provides analysis on Capital One Financial Corporation (COF), ING Groep In June 2011, COF had announced that it would acquire ING Direct in a stock-cum-cash transaction.
  • (
  • WILMINGTON -- The Federal Reserve again delayed acting on Capital Ones planned acquisition of Wilmington-based ING Direct. The planned $9 billion deal was announced last year on June 17.
  • (Delaware Wave)
  • The Federal Reserve is set to vote on Wednesday on Capital One's $9 billion acquisition of ING's online banking unit in the United States.
  • (New York Times)
  • Capital One announced plans last year to buy online deposit-taker ING Direct for $8.9 billion in the biggest U.S. bank acquisition since Congress passed the Dodd-Frank financial oversight law in July 2010.
  • (Reuters India)
  • Lets not forget that the Feds vacillation on the Capital One/ING Direct (USA) deal also affects Capital Ones agreement to purchase HSBCs (Symbol : HBC) U.S. credit card portfolio, for which it needs the liquidity boost from the ING Direct deal.
  • (Inside Fidelity)

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