ING Bank FSB has completed its acquisition of ShareBuilder Corp. of Bellevue, Wash.
With the purchase the U.S. banking subsidiary of ING Holding Group NV of Amsterdam added investment options to its consumer product offerings, which also include online savings and checking accounts, certificates of deposit, mutual funds, and mortgages.
The Wilmington, Del., federal savings bank, which uses the brand ING Direct, announced the closing Nov. 19. The $220 million deal was announced this month.
Banks like Fifth Third have increased security measures at their branches, while some potential robbers are turning to cybercrime.
The president-elect had billed his hardline stance on the border and promised deportations as a solution to tight housing markets. Experts say those policies, at least in terms of housing, could do more harm than good.
California Department of Financial Protection and Innovation Clothilde "Cloey" Hewlett will step down Dec. 30.
Industry observers say the U.S. securities industry's migration to next-day settlement in May 2024 was a technology success story, which has encouraged the U.K. and the EU to follow suit.
The use cases are growing and banks don't want to risk being left behind, especially with younger customers who are more open to the technology.
St. Paul, Minnesota-based Bremer Financial agreed to sell for $1.4 billion in cash and stock. It followed a yearslong legal battle between the bank and its largest shareholder that ended with a settlement this year.
