Every time there is an increase in uncertainty in Europe ING (and a lot of other European banks) drops. Once the Cyprus fiasco is over the sentiment might improve and the stock go back up until the next crisis.
There is no end to the crisis in Europe, just keeps coming back.
Well, it should go back up after this "crisis" - which was foreseeable - is over and other countries recover from their losses in Cyprus investments. Good news is - the Russian MOB got hit hard, hiding their money in those banks!
I have my life ins. thru mt company with ING and in Minneapolis, they will close the branch office and 2000 people might get laid off! - Cost savings?