GE, Capital One Reportedly Bid for ING Direct.

General Electric GE and Capital One Financial COF are reportedly battling to take over ING Group's U.S. online bank, which has some $81 billion in deposits. According to Bloomberg News, a deal for the Dutch lender's ING Direct USA business could raise about $9 billion and may be reached as soon as this month. GE, which already has a powerful financial arm in GE Capital, made an all-cash bid for ING Direct, while Capital One's offer includes some stock, the news agency reported. Continue reading the article.