Capital One Financial Interested In Buying ING Direct USA (COF, ING)

According to Bloomberg, Capital One Financial COF is interested in buying ING Direct USA, the online banking arm of Dutch financial services firm ING Groep NV ING. As part of being bailed out for the 2008 financial crisis, ING was ordered to sell the arm by the European Union. ING ultimately received $14 billion as part of the bailout. Bloomberg cited two people close to the matter. Shares of Capital One and ING are both little changed in early Monday trading on the news.