Fed Again Delays Ruling On $9B Capital One, ING Tie-Up

Law360, New York (February 13, 2012, 6:10 PM EST) -- The Federal Reserve on Monday delayed making a decision on Capital One Financial Corp.'s proposed $9 billion takeover of ING Direct USA, the second time in less than a week that the central bank has held up a final ruling on the deal.

“The board considered the application at its meeting this afternoon and expects to issue a decision soon. No further announcement is expected today,” a Fed spokesman said, declining any further comment on the review.

The banks are looking for approval from the Fed...
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