British bank Barclays agrees to buy ING Direct UK from Dutch group
AFPLONDON--British bank Barclays on Tuesday agreed to purchase online bank ING Direct UK from its Dutch parent group for an undisclosed amount.
October 10, 2012, 12:30 am TWN
“Barclays Bank PLC announces that it has agreed to acquire the deposits, mortgages and business assets of ING Direct UK,” the lender said in a statement.
The acquisition followed ING's decision in August to exit the British retail banking market after a strategic review.