With the acquisition of ING Direct, CEO Richard Fairbanks takes Capital One (COF -0.7%) a step...

|About: Capital One Financial Corpo... (COF)|By:, SA News Editor

With the acquisition of ING Direct, CEO Richard Fairbanks takes Capital One (COF -0.7%) a step closer to top-tier banking status. The purchase diversifies the bank's credit-card heavy portfolio, boosts 'sticky' deposits, and brings to it a young, internet-savvy customer base.