Federal Reserve Board's Way Or The Highway

Law360, New York (March 7, 2012, 4:48 PM EST) -- On Feb. 14, 2012, the Federal Reserve Board announced its approval of Capital One Financial Corp. to acquire the shares of ING Bank FSB. In its order approving the acquisition, the Board reaffirmed its test for determining financial stability in light of the new criteria required by Dodd-Frank to the analysis of expansion applications pursuant to the Bank Holding Company Act (12 U.S.C. §§ 1842 and 1843) ("BHC Act"), which was first utilized by the Board in its order approving the merger of PNC Bank and...
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