Some years later in 2012, ING was acquired by the Financial institution of Nova Scotia, or what’s extra generally often called Scotiabank. This value about $3.1 billion for Scotiabank to purchase ING Direct from the ING Group. A part of the acquisition’s phrases was to rename the financial institution earlier than Might of 2014.
So, on November 5, 2013, ING Direct Canada revealed that its title would turn into “Tangerine Financial institution” by early 2014. It was revealed that the title change was the results of a year-long qualitative and quantitative analysis research involving 10,000 folks. Tangerine Financial institution nonetheless makes use of the “Ahead Banking” slogan that has been utilized by ING Direct Canada from 2012 onwards. Earlier than 2012, ING Direct Canada used the tagline “Save Your Cash”.
Now that the financial institution has developed into on-line banking, Tangerine expanded from solely providing financial savings accounts to mortgages, TFSAs, RRSPs, GICs, mutual funds, and chequing accounts that cost zero charges.
At this time, Tangerine Financial institution companies over 2 million prospects throughout Canada, employs 1,200 employees, and has $47 billion in whole property. To know extra about this digital financial institution, take a look at their firm profile on our web site.
The opposite possibility is to purchase into Tangerine’s mother or father firm, Scotiabank. Shopping for Scotiabank inventory, even for starting buyers, could be a simple resolution to make since Scotiabank stays one among Canada’s Large 5 Banks.
