News Breaks |
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| February 13, 2013 |
| 06:11 EDT |  | ING | ING Group to cut 2,400 employees by 2015
ING says "Retail Banking Netherlands is expanding the transformation programme started in 2011, leading to approximately 1,400 additional redundancies by the end of 2015 and reducing expenses by an additional EUR 120M per annum from 2016 onwards. At ING Bank in Belgium, employee headcount is expected to decline by 1,000 FTEs by 2015, through natural attrition, leading to EUR 150M in annual cost savings by 2015. These initiatives come on top of measures announced in Commercial Banking and Insurance Europe last quarter. Combined, all of these programmes accounted for EUR 452 million in after-tax restructuring provisions booked in 2012, but they are essential to drive future performance, reducing annual expenses by a combined EUR 1B by 2015." |
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News For ING From The Last 14 Days Check below for free stories on ING the last two weeks. |
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| June 18, 2013 |
| 11:44 EDT |  | ING | ING Group initiated with a Buy at UBS
Target $12.67. |
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| June 14, 2013 |
| 16:23 EDT | | ING | Santander Mexico subsidiary acquires ING Group's mortgage business in Mexico
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| 16:05 EDT | | ING | ING to sell Mexican mortgage business to Banco Santander
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| 11:14 EDT | | ING | A.M. Best affirms ratings of ING U.S. and subsidiaries
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| June 12, 2013 |
| 07:25 EDT | | ING | BNY Mellon expands fund services for ING U.S. Investment Management
BNY Mellon has expanded its relationship with ING U.S. Investment Management to provide fund accounting and administration, custody, and transfer agency services for the Wisconsin Tomorrow's Scholar 529 Plan and the Iowa Advisor 529 Plan. |
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| June 7, 2013 |
| 18:51 EDT | | ING | California Controller announces $763M life insurance settlement
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| June 6, 2013 |
| 10:01 EDT | | ING | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Cadence (CADX) initiated with a Neutral at Piper Jaffray... Costco (COST) initiated with a Buy at Sterne Agee... Dollar General (DG) initiated with a Neutral at Sterne Agee... Dollar Tree (DLTR) initiated with a Buy at Sterne Agee... Emeritus (ESC) initiated with a Neutral at Goldman... Enbridge (ENB) initiated with an Outperform at Macquarie... ExOne (XONE) initiated with a Buy at Canaccord... Family Dollar (FDO) initiated with a Neutral at Sterne Agee... Five Below (FIVE) initiated with a Neutral at Sterne Agee... Haemonetics (HAE) initiated with an Outperform at JMP Securities... ING Group (ING) initiated with a Buy at Jefferies... J.C. Penney (JCP) initiated with a Buy at Sterne Agee... Kohl's (KSS) initiated with a Neutral at Sterne Agee... Macy's (M) initiated with a Buy at Sterne Agee... Nordstrom (JWN) initiated with a Buy at Sterne Agee... Saks (SKS) initiated with a Neutral at Sterne Agee... Signature Bank (SBNY) initiated with an Overweight at Morgan Stanley... The Fresh Market (TFM) initiated with a Buy at Sterne Agee... The Medicines Co. (MDCO) initiated with an Overweight at Piper Jaffray... Vitamin Shoppe (VSI) initiated with a Buy at Sterne Agee... Whole Foods (WFM) initiated with a Buy at Sterne Agee... SkyWest (SKYW) initiated with an In-Line at Imperial Capital... W&T Offshore (WTI) initiated with a Buy at SunTrust... Canadian Natural (CNQ) initiated with an Accumulate at Global Hunter... Cenovus Energy (CVE) initiated with a Buy at Global Hunter... Suncor (SU) initiated with a Buy at Global Hunter... Freeport McMoRan (FCX) coverage resumed with a Buy at Jefferies. |
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| 06:04 EDT | | ING | ING Group initiated with a Buy at Jefferies
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