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Ally Bank Buying ING Direct?

Posted By Jim On 05/11/2011 @ 8:43 am In NEWS | 22 Comments

While I was on the Amtrak train to New York for a business meeting yesterday, I tweeted news [3] that Ally Financial was in talks to buy ING Direct. It’s still very early in the process but the news came from The NY Post [4] and there isn’t much additional news other than they’re “in talks.” The article cited sources that ING Direct could go for as much as $10 billion, which ING would be use to repay $13B in loans from the Dutch government.

It makes for some good chatter, so let’s chatter! What do you think about these two guys potentially combining into one? How do you like my “Paintshop” skills?

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URL to article: http://www.bargaineering.com/articles/ally-bank-buying-ing-direct.html

URLs in this post:

[1] Tweet: http://twitter.com/share

[2] Email: mailto:?subject=http://www.bargaineering.com/articles/ally-bank-buying-ing-direct.html

[3] tweeted news: http://twitter.com/#!/bargainr/status/67938351952568320

[4] The NY Post: http://www.nypost.com/p/news/business/ally_financial_in_talks_to_buy_ing_51hSVWNT6X3Fwoz6wvCJhO

Thank you for reading!