|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||11.76 - 11.95|
|52 Week Range||9.09 - 14.11|
|Beta (3Y Monthly)||1.62|
|PE Ratio (TTM)||9.64|
|Earnings Date||May 2, 2019|
|Forward Dividend & Yield||0.88 (7.57%)|
|1y Target Est||14.41|
A new report from Dutch bank ING predicts tough times for the U.S. economy after the 2020 election but just how tough depends on who wins.
Shareholders of Dutch bank ING on Tuesday voted against a motion granting executives discharge from legal liability for 2018, the company said, in a rare rebuke for the $900 million (696 million pounds) fine the company incurred in September for failing to prevent money laundering. ING has said the investigation and fine, which did not have a major impact on its share price, were properly disclosed. The company said on Tuesday that other motions at the annual meeting had been approved by shareholders.
The Annual General Meeting (AGM) of ING Groep N.V. adopted the 2018 Annual Accounts today and declared a total dividend for 2018 of €0.68 per ordinary share. ING`s shares will be quoted ex-dividend on Euronext Amsterdam as of 25 April 2019. The AGM did not discharge the (former) members of the Executive Board and Supervisory Board from their potential liability against the company for their duties performed in the 2018 financial year.
ING Groep's chief executive Ralph Hamers told shareholders on Tuesday that the Dutch bank would consider a cross-border takeover under some circumstances, Dutch daily Financieele Dagblad reported. The comments by Hamers at its annual general meeting follow reports that ING has shown interest in acquiring Commerzbank if the German bank's ongoing merger talks with Deutsche Bank fail. ING, which is the third largest bank in Germany, and Commerzbank have declined comment on those reports.
Important news for shareholders and potential investors in ING Groep N.V. (AMS:INGA): The dividend payment of €0.44 per share will be distributed to shareholders on 02 May 2019, and the stock will begin trading ex-dividend at an earlier...
Commerzbank, the smaller of the two, is attracting the most interest, perhaps because it would be easier to digest. Dutch lender ING Groep NV has reached out to the bank and the German government to seek talks, and UniCredit SpA is weighing a potential bid, people familiar with the matter have said. The German Finance Ministry, which oversees the country’s roughly 15 percent stake in Commerzbank, has encouraged the firm’s negotiations with Deutsche Bank.
France's Credit Agricole and Spain's Santander plan to combine their custody and asset servicing operations, in a deal that could point the way for European banks to achieve scale without the complexity of a full merger. The new business will have around $3.8 trillion (£2.9 trillion) of assets under custody, closing the gap on European leaders and providing scope for savings and cost reductions. Credit Agricole will own 69.5 percent of the merged unit, which will keep the brand name of Agricole's existing asset management arm - Caceis.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines UK to inject 200 mln stg into British Business Bank https://on.ft.com/2v7S99s ...
ING Groep has approached Commerzbank about a possible tie-up, a German magazine reported on Tuesday. Manager Magazin, citing unnamed sources, said ING made the approach to the German government, which owns a stake in the German lender, and to Commerzbank Chief Executive Martin Zielke.
Asia's internet firms are challenging the region's traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed in China by tech giants Alibaba and Tencent. The push into banking by companies better known for their messaging apps, cute emojis and online holiday bookings comes as regulators across Asia open up their banking sectors to a new breed of digital players.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! ING Groep N.V. (AMS:INGA) shareholders should be happy to see the share price up 17% in the last quarter. But that is...
The krona’s four-year slump has led to soul-searching in the Scandinavian nation about whether the policies pursued in the wake of the financial crisis have backfired. Banks are slashing their outlook for the krona, a former prime minister has suggested dumping it for the euro and a business federation has accused the central bank of effectively devaluing the currency, leading the Governor to defend its ultra-loose policy. The krona is the worst-performing major currency this year, confounding strategists who picked it as a world beater for 2019.
As we already know from media reports and hedge fund investor letters, many hedge funds lost money in fourth quarter, blaming macroeconomic conditions and unpredictable events that hit several sectors, with technology among them. Nevertheless, most investors decided to stick to their bullish theses and their long-term focus allows us to profit from the recent […]
With major global central banks including the U.S. Federal Reserve and the European Central Bank reining in -- or reversing -- plans for stricter policy, the National Bank of Hungary had suggested before Tuesday that it would move against the tide. In another surprise, policy makers also announced a corporate bond-buying program aimed at stimulating debt markets.
ING will host an Investor Day on 25 March 2019 in Offenbach am Main, near Frankfurt, Germany. Ralph Hamers, CEO of ING, will provide an update of ING's Think Forward strategy, discuss compliance and share his view on the future of banking. For further information on ING, please visit www.ing.com.
Prosecutors in Milan have begun a formal investigation into alleged money laundering involving Dutch bank ING Groep NV's Italian business, a source close to the matter said. ING had no immediate comment on Tuesday on the investigation, which was launched after prosecutors received requests for assistance from other European countries, where dozens of people had reported online scams, the source added. Last year ING, the Netherlands' largest financial services provider, admitted criminals had been able to launder money through its accounts and agreed to pay 775 million euros ($900 million) to settle the case.
The EU’s bank supervisors are investigating possible regulatory failures at the national level, but national supervisors are pushing back. The latest evidence of local muscle-flexing comes from the Italian central bank, which has asked ING Groep NV to stop taking on new clients in Italy because of apparent weaknesses in the Dutch lender’s internal controls. This is not a happy development if Europe wants to restore trust in its financial system.
The Italian central bank on Saturday said Dutch lender ING is not allowed to take on new customers in Italy as long as it has not improved its monitoring of client behaviour. The measure follows inspections by Banca d'Italia from October last year until the beginning of 2019, which showed ING Italy did not do enough to prevent money laundering transactions through its accounts. ING paid a record 775 million euro (660.2 million pounds) fine in a settlement with Dutch prosecutors in September last year for failing to spot criminal use of its Dutch accounts for years.
ING has been informed by the Banca d`Italia of their report with conclusions regarding shortcomings in AML processes at ING Italy. ING will analyse the findings from an inspection conducted from October 2018 until January 2019 and will discuss them further with the Banca d`Italia. In close consultation and in agreement with the Banca d`Italia, ING Italy will refrain from taking on new customers during further discussions on the enhancement plans with the Banca d`Italia.
A look at the shareholders of ING Groep N.V. (AMS:INGA) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusualRead More...
Amsterdam- ING Groep N.V. today published the proxy materials for its Annual General Meeting (AGM), to be held on Tuesday 23 April 2019, in Amsterdam. The proxy materials, including the agenda for the AGM, are available on the ING website (www.ing.com/agm). The agenda includes the proposal to appoint Tanate Phutrakul as member of the Executive Board, which was announced on 4 December 2018.