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How Capital One/ ING Deal Affects Customers

Friday, June 17, 2011 - 3:08 PMING DIRECT - Details
From Yahoo! Finance
Capital One is taking over ING Direct. What does that mean for customers?

It's a timely question for ING Direct customers: What, or who, is in your wallet?

Capital One, the credit card issuer known for its cheeky TV ads featuring Visigoths and the "What's in your wallet?" tag line, said Thursday that it's buying the online bank ING Direct. The $9 billion deal is poised to make Capital One a major force in online banking and the fifth largest bank in the country by deposits.

How that will play out for customers is yet to be seen. But a few facts shed some light on what to expect....

(Read more)

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