Today in Philly Tech History 2/14/2012: Capital One's $9 billion acquisition of Wilmington-based ING Direct USA gets Fed approval







Subscribe to Philly Tech People News by Email


Five years ago, on February 14, 2012, Capital One's $9 billion acquisition of Wilmington-based Internet bank ING Direct USA won approval from the Federal Reserve, clearing the way for the deal to close within a few days.

The deal, announced in June 2011, featured a Wilmington-bred success story although its parent, Netherlands-based ING Groep NV, had to auction it off to satisfy European banking regulators. ING Direct USA added $80 billion in deposits and 7 million customers to Capital One.

ING Diect's loyal customer base was concerned about how Capital One would change its newly acquired bank. Indeed, some of those changes were just implemented, as ING Direct has been renamed Capital One 360, and ING Direct's famous orange logo was taken down early this month and driven away and replaced with a spiffy new Capital One sign on the headquarters building in downtown Wilmington.




permalink






2/14: NBC News names Oppenheim president, returns Deborah Turness to Europe; Closing the digital gap in pharma




 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email







Foxconn group to see iPhone 8 windfall in the second half of 2017 (South China Morning Post)

Apple’s Eddy Cue says the future of TV is much more interactive (The Verge)

Here’s What an Apple Exec Says About a Big Media Acquisition (Fortune)

NBC News Names Noah Oppenheim President, Deborah Turness Moves to International Role (Hollywood Reporter)
NBC takes a 25 percent stake in the European network Euronews.

Comcast to Launch ‘Xfinity Stream’ App on Feb. 28
(Multichannel News)

SAP: Hidden Figures (Vinnie Mirchandani / Enterprise Irregulars)

Amazon Is Quietly Becoming a Major Player in Enterprise Software (The Street)


Closing the digital gap in pharma (McKinsey & Co.)

Untapped Opportunity Lies in Pharma’s Supply Chain
(Supply Chain Executive)

Linode challenges DigitalOcean with its new $5 instances (TechCrunch)
Linode's been mostly quite for a while. Meanwhile, no word on when it might complete its previously announced move to Philadelphia.