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ING and Capital One: Is a Culture Clash Inevitable?

The Federal Reserve Board cleared the way last week for Capital One Financial Corp. to complete a $9 billion, cash and stock deal for ING Direct USA. It’s a coup for Capital One, which already purchased a few smaller banks. But ING Direct customers attracted by the bank’s generous interest rates and lack of nickel-and-diming [...]
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See more about: Capital One

Deal Profile: Capital One Wins ING Direct USA

Business & Finance : Deal Journal - WSJ.com (3 years ago)

ING Groep agreed to sell its U.S. online-banking business to Capital One for $9 billion ? $6.2 billion in cash and $2.8 billion in stock. Read Post

Capital One to Buy ING's U.S. Online Banking Unit for $9 Billion

Business & Finance : DealBook (3 years ago)

Capital One Financial has struck a deal to buy ING Group's online banking business in the United States for about $9 billion in cash and stock, in an effort to bolster its nascent banking operations. Read Post

Fed to Hold Hearings on Capital One's Deal for ING Direct USA

Business & Finance : DealBook (3 years ago)

The Federal Reserve plans to hold three public hearings on whether the benefits of Capital One's purchase of ING Direct USA outweigh the risks of letting a too-big-to-fail bank get bigger. Read Post


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