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Stock Market & Financial Investment News

News Breaks
February 1, 2013
05:49 EDTINGING Group to again try to sell South Korean life insurer, WSJ reports
ING Groep (ING) is relaunching the sale of its South Korean life insurer and seeking out new bidders after an earlier deal for $2.1B collapsed late last year, sources say, reports the Wall Street Journal. Local Korean firms have shown interest in buying the Korean insurer, sources say, including private-equity firm MBK Partners, Hanwha Life Insurance Co. and Kyobo Life Insurance Co. Reference Link
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July 25, 2014
06:40 EDTINGLoan write down standards changed for non-U.S. banks, NY Times says
A new accounting rule will enable banks outside of the U.S. to write down the value of loans earlier but could cause loans to become less attractive for those banks, according to The New York Times. The rule was issued by the International Accounting Standards Board, whose guidelines are followed in more than 100 countries but not in America, the newspaper stated. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS).Reference Link

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