The small bank that for some time has been urging people to “Save Your Money” and avoid the big banking guys, has been purchased by one of the biggest. Bank of Nova Scotia will assume ownership of ING (Internationale Nederlanden Groep) for $3.13 billion. Scotia officials did a little crowing today by pointing iut that the bank had identified a niche that’s growing. They noted ING had become the country’s eight largest bank in 15 years. First blush analysis suggests ING will be re-branded but will continue to offer saving rates that are higher than the big banks, including its parent. Big red “S” eats the orange lion for $3.13 billion
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The small bank that for some time has been urging people to “Save Your Money” and avoid the big banking guys, has been purchased by one of the biggest. Bank of Nova Scotia will assume ownership of ING (Internationale Nederlanden Groep) for $3.13 billion. Scotia officials did a little crowing today by pointing iut that the bank had identified a niche that’s growing. They noted ING had become the country’s eight largest bank in 15 years. First blush analysis suggests ING will be re-branded but will continue to offer saving rates that are higher than the big banks, including its parent. 