ING Direct, a subsidiary of the Dutch financial group, is to take over the customers and insured deposits of NetBank, an online lender with $2.5bn (£1.2bn) in assets that was shut down on Friday by the US government following losses on subprime mortgages and other loans. The closure marks the largest US bank failure since the end of the savings and loan crisis in the early 1990s.

Report Article

Please complete the required fields.

Your Name

Email

Reason (required)
This post contains broken links Post has incorrect information Post has spam Copyright Issue Other

Description

Submit