12.50 +0.08 (0.64%)
After hours: 4:26PM EDT
|Bid||12.38 x 36100|
|Ask||12.39 x 40000|
|Day's Range||12.38 - 12.65|
|52 Week Range||10.21 - 17.73|
|Beta (3Y Monthly)||1.06|
|PE Ratio (TTM)||9.35|
|Forward Dividend & Yield||0.71 (5.61%)|
|1y Target Est||19.30|
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.
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...
Deutsche Bank AG and Commerzbank AG are edging closer to a merger as Germany’s largest listed lenders run out of time to show they can grow as standalone companies. While there’s no formal mandate to pursue a merger and other options are still being considered, Deutsche Bank Chief Executive Officer Christian Sewing has given up his resistance to doing a deal this year, according to the person, who asked not to be identified in disclosing internal deliberations. Deutsche Bank’s management board has approved talks with Commerzbank, the person said.
It wasn’t the only instance where authorities were alerted to suspicious transactions and failed to stop them. In Austria, prosecutors closed an investigation started by a lawyer who disclosed that he helped launder tens of millions for Russian criminals, according to the Organized Crime and Corruption Reporting Project, which this week revealed a vast money laundering network that funneled almost $5 billion through a complex network of shell companies from 2006 until 2013. The examples show some of the shortcomings at European regulators and prosecutors that explain how suspicious funds could flow for years from Russia to accounts in the West.
Shares of Dutch lenders ABN AMRO and ING, among others, were under pressure on Tuesday, on the back of a report that alleges that billions of Russian funds have been channeled via Lithuanian financial institutions to banks that include those in the Netherlands. The De Groene Amsterdammer is part of a report by the Organised Crime and Corruption Reporting Project, which published an article on Monday that accused a number of European financial firms of money laundering. An earlier report focused on Danske Bank and Swedbank AB but have also seen Austria's Raiffeisen Bank International AG a part of recent allegations,according to Bloomberg News. Meanwhile, European banks more broadly were trading lower, off about 0.8%, as gauged by the Stoxx Europe 600 banks index.
Moody's Investors Service has affirmed the foreign currency deposit rating of TMB Bank Public Company Limited (TMB) at Baa2. Moody's has also affirmed the Baseline Credit Assessment (BCA) and adjusted BCA of TMB at ba1. The outlook on all of TMB's ratings -- where applicable -- is maintained at positive.
European banks are investing more resources in staff and technology to spot financial crime following a recent string of money-laundering scandals. NV, meanwhile, said it boosted investments in its defenses in part by using cash freed up from expense cuts elsewhere. Banks with global operations, not just in Europe, have been spending more on compliance-related technology, including systems powered by artificial intelligence, and hiring employees with advanced training in areas such as data science, said Walter Mix, managing director at Berkeley Research Group, who advises banks on anti-money-laundering regulations.
LEAWOOD, Kan., Feb. 25, 2019 -- Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading global electronic payments provider, announces an agreement with ING Bank N.V., SUCURSAL EN.
ING Group is looking to sell a 1.21 percent stake in the private-sector lender for over 28 billion rupees ($393.43 mln) via a block deal, BloombergQuint reported, citing bankers involved in the deal. Kotak Mahindra Bank shares posted their worst intraday fall since Dec. 10, giving up nearly 5 percent. Shares in broader Asia slipped on Friday as a deteriorating global economic outlook outweighed further signs of progress in trade talks between China and the United States.
Market watchers had long cast doubt on Governor Adam Glapinski’s suggestion that almost five years of stable rates may stretch on for even longer. Annual price growth has hit the central bank’s 2.5-percent target only once in the past six years and is unlikely to top that this year or next. “The arguments, including growth prospects, low inflation, and a balanced economy, are definitely not indicative of a hiking bias,” Mbank economists led by Ernest Pytlarczyk said.
Press Release Paris, 12th February 2019 2018 full year resultsChallenging year with 2% organic growth and €488m EBITDAIn line with January 22th, 2019 communicationImproved.
The Amsterdam-based bank said it had earnings of 38 cents per share. Earnings, adjusted for non-recurring gains, came to 37 cents per share. The financial services provider posted revenue of $5.14 billion ...
NV (INGA.AE) Tuesday reported a 25% rise in fourth-quarter net profit, reflecting continued business growth at resilient margins, higher net commission and fee income and lower risk costs. This compares with consensus forecasts of EUR1.14 billion, taken from FactSet and based on six analysts’ forecasts. ING said its fully-loaded common equity Tier 1 ratio, a measure of a bank’s financial strength, at Dec. 31 stood at 14.5%, the same as the comparable period last year.
Investing.com -- Recession worries have dragged Europe’s stocks off a two-month high in early trading Wednesday, after shockingly weak data on new orders to German manufacturers pointed to a weak start to 2019 for the region’s most important economy.
NEW YORK, Feb. 5, 2019 /PRNewswire/ -- U.S. firms are increasingly looking to implement circular economy practices into their business models, finds a new survey and research from ING. According to 'Opportunity and Disruption: How Circular Thinking Could Change U.S. Business Models' nearly four in five firms have a strategic intent to implement a circular economy framework (62 percent) or have already put one in place (16 percent). Business focus on sustainability in the U.S. grew substantially from last year.
Q4 Revenue & Full Year Results 2018Conference Call Nicolas Huss CEO is pleased to invite you to our Full Year Results 2018 earnings call on Tuesday,.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Ralph A. J. Hamers has been the Read More...
Press Release Paris, February 4, 2019 Appointment of Michel-Alain Proch as Ingenico Group Chief Financial Officer Nicolas Huss, Chief Executive Officer of Ingenico.