ING to sell Canadian retail bank to Scotiabank
Published: August 29, 2012
Leave a comment
ING Group is selling its Canadian retail bank to Scotiabank for $3.88 billion in cash.
The Dutch megabank said Wednesday that the deal will help sharpen its focus on core businesses and strengthen its balance sheet.
Advertisement
The division, called ING Direct Canada, offers savings, checking, mutual fund and mortgage products through telephone representatives and online access. ING says the division has about 1.8 million customers in Canada.
ING will continue to operate direct banking businesses in Australia, Austria, France, Germany, Italy and Spain. It is considering a sale of its United Kingdom business. It sold its U.S. business to Capital One Financial in February.
ING expects to record a gain of $1.38 billion on the Canadian sale.
If you prefer your thoughts to appear in The Oklahoman's Opinion section, we encourage you to submit a letter to the editor.
A Fruit That Burns Fat?
Celebrity Doctor Reveals Fat Blasting Fruit. Results Will Shock You...
PureRaspberryKetone.com
Celebrity Doctor Reveals Fat Blasting Fruit. Results Will Shock You...
PureRaspberryKetone.com
New Rule in VIRGINIA:
(MAY 2013): If You Pay For Car Insurance You Must Read This Immediately
www.ConsumerFinanceDaily.com
(MAY 2013): If You Pay For Car Insurance You Must Read This Immediately
www.ConsumerFinanceDaily.com
Prev
