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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> Jan H.M. Hommen

Capital One to acquire ING’s U.S. online banking unit

Posted by RJ and Makay on Jun 20, 2011

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Capital One Financial has agreed to buy ING Group’s U.S. online banking unit for $9 billion in cash and stock in a major effort to add to offerings beyond credit cards and other consumer lending.  Capital One will pay $6.2 billion in cash and issue $2.8 billion worth of new shares to ING, giving ING a 9.9% stake, the companies announced Thursday.