European policymakers had demanded that ING sell its insurance business, a mortgage division and its U.S. retail bank by 2013. ING is still negotiating the exact terms and penalties it faces in exchange for accepting that aid from the Dutch government. The company sold its U.S. online retail bank, ING Direct, to Capital One Financial Corp. for $9 billion in February. The deal made Capital One the sixth-biggest U.S. bank in terms of domestic deposits. Among ING's other major sales: — In July 2011, ING sold its Latin American insurance companies to Gruposura, a Columbian insurance firm, for about $3.8 billion. — In August, the Bank of Nova Scotia said it would buy ING Bank of Canada for $3.1 billion. — Last month, ING said it would sell British retail bank ING Direct UK to Barclays at a loss of $415 million. It did not disclose the total value of the deal, which still must be approved by regulators.