At $ 9 billion banking deal signed in the U.S.

Financial Corporation Capital One has agreed to purchase the internet subdivision of Dutch corporation ING - ING Direct. According to Capital One official press release, the deal will amount to $ 9 billion, which are to be paid in cash and shares of the corporation.
As a result of the transaction, Capital One will be the seventh biggest bank in the U.S. in terms of assets volume. The Dutch corporation will receive 9.9% stake in the U.S. company's capital.
BBC News also notes that Capital One is currently the largest U.S. online bank with 7.7 million customers. In order to finance the transaction, Capital One will have to take a loan of 3.7 billion dollars and attract additional capital of $2 billion.
As for ING, it is selling out assets as part of restructuring program, which was agreed with the European Commission in 2009. ING had to develop this program after the bank received additional help of 10 billion euro (14.3 billion dollars) from Netherlands government during the financial crisis.