ING received EUR 10 billion in aid from the Dutch government. According to the source, ING is “reviewing strategic options” for the two online banking units. Moreover, the company has already initiated talks to sell its Asian life-insurance business.
ING has already sold its ING Direct business in the US. In February 2012, US financial institution Capital One completed its acquisition of the ING Direct business in the US, after receiving the Federal Reserve’s approval. Capital One first revealed plans to acquire ING Direct in June 2011.
The Paypers. All rights reserved. No part of this site can be reproduced
without explicit permission of The Paypers(V2.3).