Quantcast


Last updated: February 16. 2013 8:26PM - 104 Views

Graphic shows quarterly growth of the U.S. economy
Graphic shows quarterly growth of the U.S. economy
Story Tools:

Font Size:

Social Media:

(AP) The Bank of Nova Scotia has reached an agreement to buy ING Bank of Canada from its Dutch parent for $3.1 billion.


Toronto-based Scotiabank, one of Canada's five largest banks, announced the deal Wednesday.


ING Groep NV, one of Europe's largest financial institutions, has been struggling to keep its balance sheet healthy amid bad loans and declining margins. Like many of Europe's banks, ING has had to divest assets and lean on emergency funds as anxiety over the Greek debt crisis took a toll on confidence in the continent's financial institutions.


ING Bank of Canada manages high interest savings and checking accounts online and withdrawals and deposits are done at various ATM locations.


Associated Press
Comments
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com