Europe’s banking sector extends two-year bull run on record profits
The sector's remarkable resurgence in the past 2-1/2 years came after more than a decade of rock-bottom interest rates and concerns about eurozone debt...
Tag : ing
Eyeing consolidation in Spain, ING to acquire 40% of wealth manager Singular Bank
ING will acquire the stake from American private equity firm Warburg Pincus, which currently owns 93% of Singular Bank...
Boost for Euro Stablecoin project as 25 more banks join the consortium
The consortium, which set up an Amsterdam-based company called Qivalis in 2025, now has 37 financial institutions as its members...
National Bank of Fujairah and Ripple to facilitate cross border payments
The UAE-based bank will use RippleNet to facilitate remittance payments to India through Indus Ind Bank...
Tonik secures $6 mn funding to launch digital bank in the Philippines
Investors who took part in the funding round include Insignia Ventures Partners and Credence partners...
Eurozone maintains strong momentum
Retail sales in November also add to optimism...
ING to shed 7,000 jobs
Jobs cuts to mainly take place in Belgium and The Netherlands IFM Correspondent October 4, 2016: Dutch bank ING, the country’s biggest lender, announced plans to shed 7,000 jobs, mainly in Belgium and The Netherlands. The plan is part of cost cutting measure for the company, which will help it save $1.01 billion by 2021....
Eurozone: What recovery?
Disappointing GDP data highlight a lack of improvement in the economy, but the ECB is likely to ignore calls for action as it continues to evaluate policies already enacted August 18, 2014: According to Eurostat’s flash estimate, Eurozone GDP showed 0.0% growth in the second quarter, down from 0.2% in the first quarter. The figure...
Financial crisis: Repaydebt or grow income
Europeans seem to be doing the former and Americans the latter, says ING senior economist Teunis Brosens August 13, 2014: Many countries have been under pressure to reduce their debt burden since the global financial crisis. But results are mixed and have serious implications for the recovery, says ING senior economist Teunis Brosens. Brosens tells...
UK output finally exceeds pre-recession levels
ING believes that BoE will end up tightening monetary policy sooner rather than later July 25, 2014: UK 2Q14 GDP growth has come in at 0.8%QoQ or 3.1% YoY, in line with market expectations. This is the fastest rate of annual GDP growth since 4Q 2007 and means that the UK economy has finally regained...