Weekly Gains Erased by Ongoing Greek Concerns (ING, COF)

Gains made early in the week have been completely erased yesterday and today as the situation in Greece become increasingly uncertain. With over $41 billion in exposure to the problem on the part of U. S. banks, America in particular and the world in general is awaiting the outcome with anxiety. In corporate news, ING Group (ING) and Capital One (COF) signed a deal in which Capital One purchased ING’s online bank for $9 billion. Capital One’s stock was slightly up after the deal.

Word on the Street

• Ongoing concerns for the Greek debt crises brought stocks down today.
• U. S. banks had $41 billion in exposure to Greece by the end of 2010.
• An EPA regulation under consideration could lead to hundreds of thousands of jobs lost.
• A deal between ING Group (ING) and Capital One (COF) elevated the stock values of both.
• Some must-know news on Wall Street.

Interesting Tidbits

• Discovering the value in being vulnerable.
• Worth asking yourself: are you a collaborative leader?

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