Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers

http://www.businessweek.com/ap/2012-08-29/scotiabank-to-buy-ing-bank-of-canada

AP News

Scotiabank to buy ING Bank of Canada


TORONTO (AP) — The Bank of Nova Scotia has reached an agreement to buy ING Bank of Canada from its Dutch parent for $3.1 billion.

Toronto-based Scotiabank, one of Canada's five largest banks, announced the deal Wednesday.

ING Groep NV, one of Europe's largest financial institutions, has been struggling to keep its balance sheet healthy amid bad loans and declining margins. Like many of Europe's banks, ING has had to divest assets and lean on emergency funds as anxiety over the Greek debt crisis took a toll on confidence in the continent's financial institutions.

ING Bank of Canada manages high interest savings and checking accounts online and withdrawals and deposits are done at various ATM locations.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus