Online Bank in Play

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ING Direct, the online banking unit of financial services company ING Group, has launched an agency review, according to a consultancy that is managing the process. Bill-ings are estimated at $50 million.

Incumbent How-ard, Merrell & Partners in Raleigh, N.C., is not participating, said Rick Hooker, president of the Boston-based search consultancy Pile and Co.

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