From HUFF POST / REUTERS:
Consumer groups will try to convince the Federal Reserve this week that rubber stamping the Capital One Financial Corp (COF.N) takeover of ING Groep NV’s (ING.AS) online banking unit would prove that “too big to fail” is alive and well.
The Fed is holding the first of three nationwide hearings on Tuesday on the $9 billion deal that observers are characterizing as a test case for how the U.S. government will view big-bank mergers after the 2007-2009 financial crisis….
Last year’s Dodd-Frank financial oversight law did not force regulators to break up big banks, but instructed them to closely scrutinize future mergers…
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