Fed Pushes Back Vote On $9B Capital One, ING Deal

Law360, New York (February 8, 2012, 7:03 PM EST) -- At the 11th hour, the Federal Reserve pushed back a closed-door meeting Wednesday at which it was scheduled to vote on Capital One Financial Corp.'s proposed $9 billion takeover of ING Direct USA, citing a scheduling conflict, Capital One said.

The board of governors of the Federal Reserve System pushed back the meeting date to Feb. 13 and said it would hold the vote under expedited procedures. The postponement occurred less than an hour before the meeting was scheduled to take place.

"The board has informed...
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