The board of Dutch financial services group ING Groep NV
The paper, citing people familiar with the matter, said Capital One Financial Corp
The paper quotes the source saying the price is expected in the high single digit billions but the deal could still fall apart, another bidder could appear, or GE could also return with a more attractive offer.
ING needs to sell its online bank ING Direct USA and Dutch mortgage lender WestlandUtrecht Bank to comply with the European Commmission conditions for state aid.
(Reporting by Roberta B. Cowan; Editing by Andrew Callus)