NEW YORK (AP) — The Federal Reserve delayed its decision again on Capital One's proposed $9 billion acquisition of ING Direct.
The deal, which would create the nation's fifth-largest bank, was debated by the Fed's board of governors in a closed-door meeting Monday. A Fed spokesperson said the board considered the application and "expects to issue a decision soon" but will not do so immediately.
The delay is the second in the process. The Fed was originally supposed to rule on the deal last week but put off the meeting until Monday citing scheduling issues.
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