|Bid||0.00 x 0|
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|Day's Range||11.88 - 12.05|
|52 Week Range||11.88 - 12.05|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
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The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Big UK shareholder in Unilever to fight headquarters shift ...
Every investor in ING Groep NV (AMS:INGA) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders oftenRead More...
As the sell-offs in Turkey and Argentina spread to other emerging markets, doubts that developed markets can retain their immunity are getting louder. JPMorgan Chase & Co. says the vulnerability of mature markets to contagion emanating from developing nations hinges on Asia’s economic resilience. At ING Groep NV the risk is that monetary tightening in many emerging economies could eventually crimp growth and have a knock-on impact for advanced economies.
is stepping down, a week after the Dutch lender agreed to pay a record penalty to settle an investigation on the failure of its money-laundering controls. Mr. Timmermans was a member of ING’s management board and in charge of its operations in the Netherlands for much of the period covered by the investigation, ING said. Last week, the bank agreed to pay €775 million ($897.2 million) to settle the investigation by Dutch authorities on the shortcomings in its customer due-diligence policies between 2010 and 2016.
ING Groep's (INGA.AS) Chief Financial Officer is to step down amid a public backlash after the Dutch bank admitted last week it had failed for years to prevent money laundering and agreed to a 775 million euro (690.61 million pounds) settlement with prosecutors. The decision to remove CFO Koos Timmermans, 58, comes after criticism of the bank by Dutch Prime Minister Mark Rutte, and after shareholder interest group VEB called for a more thorough vetting of CEO Ralph Hamers' role in the affair. ING's fine comes as European regulators consider whether to tighten controls on financial crime.
ING Group Chief Financial Officer Koos Timmermans will step down following a money laundering settlement at the Dutch Bank. ING agreed last week to pay about $900 million to settle a Dutch investigation ...
ING Groep NV sacrificed one of Chief Executive Officer Ralph Hamers’s top deputies as the Dutch lender seeks to restore public trust in the wake of a money-laundering scandal. Chief Financial Officer Koos Timmermans will step down when a successor is found, the bank said. While ING said it fully backs the CEO, its supervisory board has already bowed to political pressure and reversed its earlier opposition to any board members resigning in connection with the investigation, which led to one of the biggest fines ever paid by a Dutch lender.
NV said Wednesday that U.S. regulators have closed their investigation into the bank after it reached a record settlement with local authorities. The bank in a regulatory filing said it received a formal notification from the U.S. Securities and Exchange Commission that the agency had concluded its investigation, and that it wouldn’t bring an enforcement action “based on information as of this date.” The SEC declined to comment. The news comes a day after ING agreed to pay a record European fine of €775 million ($897.3 million) to settle an investigation by Dutch prosecutors into money-laundering control failures.
SEOUL (Reuters) - South Korea's Shinhan Financial Group said on Wednesday that it has decided to buy a 59.15 percent stake in Orange Life Insurance, a former unit of ING Groep (INGA.AS) for 2.2989 trillion ...
Banking group ING Groep NV has agreed to pay a record European fine of €775 million ($899.8 million) to settle an investigation by Dutch prosecutors into money laundering failings, as watchdogs scramble to staunch flows of illicit money after a spate of high-profile scandals. Also Tuesday, Danish lender Danske Bank saw its shares tumble 6.5% following a report that local prosecutors had uncovered a higher than expected tally of allegedly illegal Russian money moving through its Estonian branch.
Europe's national regulators are discovering the limits of their ability to police cross-border money laundering in a complex and globalized financial system that's full of holes. Dutch bank ING Groep NV said on Tuesday it would pay 775 million euros ($895 million) to settle a probe into corrupt practices and unusual payments, including sums sent by VimpelCom Ltd. to a firm owned by an Uzbek government official. ING admitted that clients had been able to launder money through their accounts for years.
Dutch bank ING Groep NV (INGA.AS) will pay 775 million euros ($900 million) in a settlement with prosecutors, who accused its financial controls of being so poor that customers were able to easily launder money. The settlement, one of the largest ever struck with Dutch financial crime prosecutors, covers a period from 2010 to 2016. ING is the third European bank to be hit by money laundering allegations this year, with Denmark's Danske Bank (DANSKE.CO) facing ongoing investigations and problems that led to the failure of Latvia's ABLV.
Dutch prosecutors said on Tuesday they had settled a money laundering case with lender ING Groep NV for 775 million euros ($900 million). Prosecutors said they blamed ING for violating the country's law on preventing money laundering and financing terrorism "structurally and for years" by not stopping customers' accounts from being used for money laundering from 2010-2016. Prosecutors said ING had failed at its gatekeeper duties, by sometimes not identifying the ultimate beneficial owners of accounts and not noticing unusual transactions that ran through them.
ING Groep NV agreed to pay 775 million euros ($900 million) to settle an investigation by the Dutch prosecutor into issues including money laundering and corrupt practices in one of the biggest fines ever given to one of the country’s banks in a criminal case. The settlement consists of a 675 million-euro fine and a 100 million-euro “disgorgement” payment, with the total amount taken as a one-time charge in the bank’s third-quarter results. Chief Executive Officer Ralph Hamers said “preventing the bank from being used for money laundering is a top priority for ING.” The size of the team that handles customer due diligence in the Netherlands has tripled to 450 full-time positions, and more measures are being taken, he said.
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to learn about the link betweenRead More...
The bank, based in Amsterdam, said it had earnings of 44 cents per share. The financial services provider posted revenue of $5.35 billion in the period. Its revenue net of interest expense was $5.35 billion, ...
AMSTERDAM (Reuters) - Dutch bank ING Group (INGA.AS) on Thursday reported a 1.5 percent rise in second-quarter underlying pretax profit to 2.02 billion euros (£1.79 billion), beating analysts' expectations, ...
ING Groep NV hinted it may raise its dividend after adding 400,000 new customers and recovering from a dip in fee income last quarter. The bank will “see if we can pay something extra” to shareholders, Chief Financial Officer Koos Timmermans said in an interview on Bloomberg TV, though added that the bank has “to be careful,” because of future higher capital requirements. The bank posted second quarter results that mostly beat estimates, with higher loan growth and fee income.
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to start learning about core conceptsRead More...
Long-standing optimists Credit Agricole SA, BBVA and ING Groep NV all cut their sterling calls in recent days with still no sign of a resolution to Brexit uncertainty. While the French and Spanish banks still see the U.K. currency strengthening from current levels, the Dutch one now forecasts it will fall to as low as $1.27 -- a level not seen in more than a year -- in the coming months. “Our bullish outlook at the start of the year was predicated on lower Brexit uncertainty and issues like the Irish backstop having been resolved,” said ING analyst Viraj Patel.