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ING Seeks Buyer For U.S. Online Bank

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

ING Groep is planning to sell its U.S. online bank, Bloomberg. The Dutch financial group is seeking to ING Direct USA to 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, adds New York Times. ING Groep has appointed Deutsche Bank to assist with the sale of the unit.

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