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ING Group will cut

ING Group (ING) will cut 2,400 jobs in the Netherlands and Belgium. The Dutch financial services giant reported Q4 profit of about $1.92 bil vs. analyst views for $2.19 bil, as it set aside more for bad loans and repaid a gov't bailout. The job cuts are on top of 2,350 cuts announced in Nov. Shares fell 3.5% to 8.96.