Financial services company ING has been given the green light to sell its US internet savings bank ING Direct USA by the US authorities.

Capital One Financial is paying $9bn for ING Direct. The sale was ordered by Brussels as compensation for the government’s bail-out of ING during the 2008 financial crisis.
American consumer groups had been critical of the deal, saying it is risky and complicated, and could be a threat to the financial system.
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