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ING Seeks Buyer For U.S. Online Bank

ING Groep is planning to sell its U.S. online bank.

    ING Groepis planning to sell its U.S. online bank,Bloomberg. The Dutch financial group is seeking toING Direct USAto meet European Union conditions for the firm’s bailout program.

    The Amsterdam-based firm, which is already preparing initial public offerings for its insurance unit, is likely to sell likely to sell ING Direct USA before 2013, addsNew York Times. ING Groep has appointedDeutsche Bankto assist with the sale of the unit.

    Click here for the story fromBloomberg.

    Click here for additional coverage fromNew York Times.

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