Hints and tips:
...China’s largest bank is being sued by Dutch lender ING for losses suffered in a batch of copper deals in a case that highlights the risks of servicing the scandal-plagued world of commodity trading....
...That shift comes partly because many banks trade below their book values. But even among this group, ING stands out....
...The claim against ING argues that the bank has a “duty of care” under Dutch law to not create any danger that could lead to avoidable damage to property or personal injury....
...“The US rate outlook is the key driver for gold,” said Ewa Manthey, commodities strategist at Dutch bank ING. “Lower rates are typically constructive for gold, because it doesn’t yield any interest.”...
...But the vote in the lower house was enough to knock shares in ING and ABN Amro, the country’s largest banks....
...Graph via ING of how projections now stand: Rate-setters hands’ have been slightly tied by their own model, ING analyst notes: Not only has the central bank gone further than that at this meeting, but...
...A BaFin employee has rebuked Germany’s largest online bank ING Germany in court for being too late in flagging suspicious trading activities of a potentially criminal client....
...The caution stopped ING from following in the footsteps of major US banks that released billions of loan loss reserves....
...NN Group, which has a market capitalisation of more than €13bn, was spun out of Dutch bank ING after the 2008 financial crisis. Its shares were up slightly at €41.64 in Monday morning trading....
...Mr Hamers, who led ING from 2013 to this year, lost his 2018 bonus because of the fine. ING’s chief financial officer, Koos Timmermans, resigned over the scandal....
...Dutch bank ING paid €775m in penalties in 2018 for compliance failures that allegedly allowed customers, including a Russian mobile phone operator and a Curaçao lingerie company, to launder hundreds of millions...
...Most banks have so far avoided large increases in actual customer defaults due to government and bank-led support schemes since the start of the crisis, but ING said it was also affected by a small number...
...The Dutch bank ING, for example, has increased its renewable power generation financing in 2019 while reducing its exposure to coal power plants by 22 per cent....
...Mr van Rijswijk said he was unfazed about leading the bank through the Covid-19 pandemic....
...Other banks that have fallen out of favour include Standard Chartered, ING of the Netherlands, BNP Paribas and Spain’s Banco Santander....
...ING, the Netherlands’ largest bank, was hit by a sharp increase in bad loans in the fourth quarter of 2019, including a suspected fraud case at one of its large customers....
...in structured finance, then moves through various roles, including head of media finance and CEO of ING Bank Netherlands 2011 Becomes chief executive of ING Belgium and Luxembourg 2013 Promoted to chief...
...NN was spun out of Dutch bank ING after the financial crisis, and now has a market capitalisation of €9bn....
...Its world-leading $2.6tn wealth management business and investment bank mean its market value, staff numbers, and international prominence are all significantly higher than those of ING....
...When the FT revealed that UBS had named Ralph Hamers, pictured centre, the mild-mannered head of Dutch bank ING, as its new chief executive, people in the banking industry were surprised....
...ING is primarily a retail lender. UBS is a universal bank that has pivoted from investment banking to wealth management. A switch that once won loud applause recently lost momentum....
...ING, one of the eurozone’s largest banks, has thrown its weight behind EU proposals for a new cross-border authority to fight money laundering after it became caught up in a string of scandals around the...
...Shortly after, UBS named Ralph Hamers, chief executive of Dutch bank ING, as its new leader, prompting the Amsterdam-based lender to start a search for his replacement....
...NN, which has a market capitalisation of €13bn, was spun out of Dutch bank ING after the financial crisis....
...After graduation, he became a management trainee at ING, the Dutch bank, with the ultimate goal of rising to become a chief executive....
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