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Stock Market & Financial Investment News

News Breaks
February 13, 2013
06:11 EDTINGING 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."
News For ING From The Last 14 Days
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November 20, 2014
08:01 EDTINGING Vysya Bank to merge with Kotak Mahindra Bank
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November 18, 2014
06:34 EDTINGDraghi sees positive signs in euro zone, NY Times reports
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November 13, 2014
09:10 EDTINGING lowers Voya stake to 19% after selling 34.5M shares
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08:48 EDTINGING Group to lower stake in Voya Financial to 19% from 32.5% with offering
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November 12, 2014
16:46 EDTINGVoya Financial announces offering of 34.5M shares of common stock by ING Group
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November 10, 2014
06:46 EDTINGRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link

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