Tier 1 ratio
European banks on trackPosted by RJ and Makay on Feb 10, 2012 |
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European regulators will inform European banks in early March as to whether they support the banks’ plans to build up their balance sheets, officials said. Excluding Greek institutions, so far their plans are on track. Europe’s financial institutions need to raise a combined 115 billion euros by June to raise their core Tier 1 ratios to 9%.
Capital One to acquire ING’s U.S. online banking unitPosted 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.
Larry Bossidy
