According to the source, the deal is allegedly set to include about USD 30 billion of credit card loans. However, the source reports that it is unclear whether US financial services provider Wells Fargo, which was also an interested bidder, is still part of the deal.
In June 2011, Capital One Financial Corp was allegedly planning to buy the US online banking unit powered by Dutch financial services provider ING for USD 9 billion in cash and stock, media outlet reuters.com reports. The bank is expected to pay USD 6.2 billion in cash and USD 2.8 billion in stock.
Capital One currently counts USD 199.3 billion of assets.
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