Fibabanka
ING 'drops plan to buy HSBC's Turkish unit'
ING Groep NV, the largest Dutch financial services company, has abandoned a plan to acquire HSBC Holdings Plc's unprofitable Turkish unit, Bloomberg reported on Dec. 16.
Regulatory hurdles contributed to the decision, Bloomberg reported, citing two people with knowledge of the matter.
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Turkey's Fibabanka 'joins race for HSBC's Turkish unit'
Turkey's Fibabanka has joined the ranks of banks interested in buying HSBC's Turkish unit, two sources close to the matter told Reuters, a business that is also being considered by ING Group.