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ING Groep NV (INGA.AS)

INGA.AS on Amsterdam Stock Exchange

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Tue, Sep 11 2018

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ING CFO steps down as backlash grows after $900 million money laundering fine

AMSTERDAM ING Groep's 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 ($900 million) settlement with prosecutors.

ING CEO Hamers' position secure, chairman says -ANP

AMSTERDAM, Sept 11 The position of ING Chief Executive Ralph Hamers is not in any doubt after the resignation of the bank's CFO on Tuesday, Chairman Hans Wijers said in an interview with Dutch news agency ANP.

UPDATE 2-ING CFO steps down as backlash grows after $900 mln money laundering fine

AMSTERDAM, Sept 11 ING Groep's 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 ($900 million) settlement with prosecutors.

ING CFO Timmermans to step down after $900 mln fine

AMSTERDAM, Sept 11 ING Groep said on Tuesday its Chief Financial Officer was stepping down in the wake of revelations the Dutch bank had failed to prevent money laundering for years and was forced to strike a 775 million euro ($900 million) settlement with Dutch prosecutors.

Shinhan Financial to buy ING's ex-South Korean unit for $2.1 billion

SEOUL 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 for 2.2989 trillion won ($2.06 billion).

Shinhan Financial to buy ING's ex-S.Korean unit for $2.1 bln

SEOUL, Sept 5 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 for 2.2989 trillion won ($2.06 billion).

ING penalty puts Europe's money laundering controls on the spot

AMSTERDAM/FRANKFURT When Dutch prosecutors trawled through ING's books they found a "women's underwear trader" had been able to launder 150 million euros through the bank's accounts without ringing alarm bells.

Dutch bank ING fined $900 million for failing to spot money laundering

AMSTERDAM Dutch bank ING Groep NV admitted criminals had been able to launder money through its accounts on Tuesday and agreed to pay 775 million euros ($900 million) to settle the case.

UPDATE 3-Dutch bank ING fined $900 mln for failing to spot money laundering

* Case covered 2010-16; ING regrets failings (Adds CEO and lead prosecutor quotes, detail, share price)

ING settles money laundering case with Dutch prosecutors for $900 million

AMSTERDAM, Sept 4 Dutch prosecutors said on Tuesday they had settled a money laundering case with ING Groep NV for 775 million euros ($900 million).

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