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ING and Direct
The Dutch banking giant ING Groep N. V. headquartered its U. S. internet banking unit, ING Direct, in Wilmington.
Barclays and ING Direct have very large and prominent locations located along the waterfront of the Christina River.
Examples include Thomas H. Bailey, founder and former chairman of Janus Capital Group, Geoff Beattie, president of The Woodbridge Company and chairman of CTVglobemedia, George Cope, president and CEO of Bell Canada Enterprise, Edward Rogers III, deputy chairman of Rogers Communications, and former president of Rogers Cable, Arkadi Kuhlmann, chairman of ING Direct, Rob McEwen, chairman and CEO of US Gold Corporation, Minera Andes and the founder, chairman and former CEO of Goldcorp Inc., John Thompson, former chairman of Toronto-Dominion Bank and chancellor of Western, Prem Watsa, chairman, CEO of Fairfax Financial, Lee Seng Wee, former chairman of Oversea-Chinese Banking Corporation, Galen Weston, chairman and president of George Weston Limited.
To expanding its retail banking business overseas, rather than create a branch network, it used the direct banking business model it had develop with NMB Postbank to launch an overseas direct banking businesses called ING Direct.
This resulted in divestiture of a number of businesses around the world, which included insurance businesses in Canada, Australia and New Zealand and the ING Direct unit in the US.
ING Direct is the Group's brand for a branchless direct bank with operations in Australia, Austria, Canada, France, Germany, Italy, Spain, the United Kingdom and the United States.
ING Direct Italy is currently opening its own " bank shops " in the major towns, where customers can operate services on usual web channels, assisted or not by branch operators, and use advanced teller machines for cash and check transactions.
ING's history in Canada goes back to 1997 when it founded ING Direct Canada.
As recently as July 2011, ING Direct Canada had over 1. 7 million clients, employed over 900 people and had over US $ 37. 6 billion in assets.
ING Direct Canada has five ' Save Your Money Cafés ' in the major cities of Toronto, Montréal, Calgary and Vancouver.
Recently, ING Direct Canada announced the closure of their bilingual ( French & English ) office located in Ottawa, Ontario, Canada,
ING Direct Canada is a member of the Canadian Bankers Association ( CBA ) and registered member with the Canada Deposit Insurance Corporation ( CDIC ), a federal agency insuring deposits of all Canada's chartered banks.
ING Direct Canada operates as Banking Institution # 614, Transit # 00152.
ING Group still operates ING Bank of Canada, also known as ING Direct Canada.
On August 29, 2012, Scotiabank announced that it would acquire ING Direct Canada for $ 3. 13 billion dollars.
After completion of sale a gradual transfer will see the ING Direct Canada name disappear from the Canadian banking sector, but it will not impact the day to day business operations.
ING Direct is a member of the Federal Deposit Insurance Corporation ( FDIC ).
In September 2007, ING Direct acquired 104, 000 customers and FDIC insured assets from a failed virtual bank NetBank.
Two months later, ING Direct acquired online stock broker Sharebuilder.
In June 2011, Capital One Financial Corporation purchased ING Direct USA from ING for US $ 9 billion (€ 6. 3 billion ).

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2008 was also the first year large Dutch international corporations ING Group and TNT NV sponsored the event.
According to Fortune magazine, in 2010 ING was the largest banking / financial services & insurance conglomerate in the world by revenue with gross receipts exceeding € 54 billion ( US $ 77 billion ) per annum.
However it was the 1995 purchase of Barings Bank after its dramatic failure that saw of ING Groups investment banking business boosted significantly.
The practice of removing and omitting such information was also used by other branches of ING Bank ’ s Wholesale Banking Division, including in France, Belgium, and the Netherlands, in processing U. S. dollar payments and trade finance transactions through the United States.
ING Group's 70 % equity interest was spun off for US $ 2. 2 billion.
The sale was completed on June 16, 2011 with the CEO of ING Group at that time Jan Hommen saying the sale " marks a further important step in the restructuring of ING Group.
Some customers were dissatisfied after ING lowered the exceptional high rate the collapsed Kaupthing was previously paying.
ING Direct Australia was established in 1999 and is headquartered in Sydney, offering banking online and via telephone.
Once it was confirmed that the Guarantee did apply to ING DIRECT Australia, outflows that had been solely attributed to this situation slowed and deposits returned.
ING Commercial Banking was strengthened in 1995, when ING took over Barings Bank.
Following the acquisition and up until 2004, ING's investment banking division was called ING Barings, at which point it severed its ties with the Barings name and combined with ING's other commercial banking operations.
ING was the leading advisor in the Dutch M & A league tables in 2009.
ING Australia was purchased by ANZ in 2009, and rebranded as " OnePath " in 2010.
In December 2011, it was reported that ING Australia had been defrauded of US $ 45 million by an employee.
ING was the title sponsor of the Renault Formula One team from the 2007 season to the 2009 season.
Anton ( Ton ) Alberts ( July 6, 1927 – August 16, 1999, Amsterdam ) was a Dutch architect best known for the ING Bank ( 1982 ) in the Bijlmer district of Amsterdam and the Gas Corporation headquarters in Groningen.
Following two further petitions for liquidation brought by Thwaites Brewery and ING Lease UK and their refusal of an offer of 25p in the pound, on 14 May 2009 Darwen Football Club was wound up in the High Court.
Its head office was at Polaris House in Swindon, Wiltshire, but it also operated three scientific sites: the UK Astronomy Technology Centre ( UK ATC ) in Edinburgh, the Isaac Newton Group of Telescopes ( ING ) in La Palma and the Joint Astronomy Centre ( JAC ) in Hawaii.
Salazar ran in the ING New York Marathon in 2006, at age 48, serving as a pacesetter for cyclist Lance Armstrong, the 7-time winner of the Tour de France, who was attempting his first marathon.
From 2007 to 2010, he was part-owner and chairman of London's Queens Park Rangers F. C .. On 16 September 2009, Briatore was forced to resign from the ING Renault F1 team due to his involvement in race fixing at the 2008 Singapore Grand Prix.
Although the core capital ratio was 10, 4 %, the Popular Party Government planned to lend about 8. 000 million euro to the bank to increase its solvency, as was done before throughout Europe ( e. g. ING and Northern Rock crisis ).

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