ING Groep’s U.S. online bank has received bids from firms, including General Electric (GE) and Capital One Financial, Bloomberg reports. The Dutch lender expects to raise around $9 billion from the sale of ING Direct USA.

Other firms, including Ally Financial, CIT Group and SJB National Bank, have also shown interest in the business. A buyer will be required to contend with the bank’s $40.5 billion of mortgage loans and $19.9 billion of mortgage-backed securities. The European Union has asked ING to sell the U.S. unit by 2013 as a condition for a $14.7 billion government bailout.

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