The Federal Reserve delayed its decision again on Capital One's proposed $9 billion acquisition of ING Direct.
By Associated Press|February 13, 2012 at 12:21 PM
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NEW YORK (AP) — The Federal Reserve delayed its decision again on Capital One’s proposed $9 billion acquisition of ING Direct.
The deal, which would create the nation’s fifth-largest bank, was debated by the Fed’s board of governors in a closed-door meeting Monday. A Fed spokesperson said the board considered the application and “expects to issue a decision soon” but will not do so immediately.
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