Ameriprise Financial (AMP) is in advanced talks to buy most of ING's asset management business...

|About: Ameriprise Financial, Inc. (AMP)|By:, SA News Editor

Ameriprise Financial (AMP) is in advanced talks to buy most of ING's asset management business in Asia, Bloomberg reports. The companies are said to be still negotiating on price and an announcement may come in two to three weeks, although the business is believed to be worth ~€150M.