banking sector

Euros

Global debt levels again dangerously high, Dutch experts warn

Mar 14 '18 10:00
Business

The debts of investors, home buyers, consumers, companies, and governments are rising to dangerously high levels world wide, Nout Wellink and Hans Hoogevorst warn in the Telegraaf.

Wellink and Hoogevorst were in charge of Dutch central bank DNB and Dutch authority on financial markets AFM respectively during the financial crisis that started in 2008. 

According to the two financial experts, there is insufficient clarity on where the risks are, which means that markets could underestimate the rising deficits. They call te banking sector a particular cause of concern. 

Amsterdam_Zuidoost_ING-Bank_02_PM07

ING CEO's mega salary increase scrapped after storm of criticism

Mar 13 '18 08:07
BusinessTop Stories

ING decided to withdraw a proposed salary increase for CEO Ralph Hamers due to mass criticism from society and politicians. "We realize that we underestimated the public response in the Netherlands to this clearly sensitive issue", chairman of the supervisory board Jeroen van der Veer said in a statement on Tuesday, ANP reports.

Jesse Klaver

Green party aims to block ING CEO’s mega salary increase

Mar 12 '18 09:05
BusinessPolitics

GroenLinks wants to block a massive salary increase for ING CEO Mark Hamers with a legislative amendment. Party leader Jesse Klaver hopes to pass this law through parliament and the Senate as quickly as possible, so that it can be submitted to the Council of State for urgent advice this week. ING shareholders will discuss the proposed increase on April 23rd, ANP reports. 

Amsterdam_Zuidoost_ING-Bank_02_PM07

Politicians furious about ING boss's massive pay raise

Mar 8 '18 13:30
BusinessPolitics

ING Bank raised the salary of CEO Ralph Hamers by more than half this year, to over 3 million euros, NOS reports. Parliamentarians are furious and demand an explanation. Minister Wopke Hoekstra of Finance is "not amused", according to newspaper AD.

Gavel

Banker accused of spying on family fired in Banker's Oath breach

May 25 '17 14:30
BusinessCrime

A bank employee was dismissed with immediate effect after he was caught spying on family members' bank accounts. A Disciplinary Committee found him guilty of breaking the Banker's Oath and banned him from workng in the banking sector for six months, NU.nl reports based on the ruling.

The employee spied on the banking information of his in-laws, acquaintances, his partner and other family members. 

Amsterdam_Zuidoost_ING-Bank_02_PM07

ING profits drop 30 percent in first quarter

May 10 '16 10:43
Business

Dutch bank ING recorded a net profit of 1.3 billion euros in the first quarter of 2016, compared to 1.8 billion euros in net profit the bank made in the same period last year. Excluding once-off windfalls and set backs, the profits dropped 29 percent to 842 million euros

Paiement_euros

Banks aggravated by new rules and regulations

Nov 26 '15 13:20
Business

Banks want politicians to stop with the ever increasing rules and requirements for the sector. They fear that all these requirements will force them to implement extra fees on loans and mortgages.

Amsterdam_Zuidoost_ING-Bank_02_PM07

ING bosses co-wrote Dutch law granting banks €350 million in tax breaks

Nov 4 '15 10:09
Business

Minister Jeroen Dijsselbloem of Finance wrote the Dutch law giving banks a tax deduction on coco's, a type of bond, largely based on advice from ING. This tax deduction has given the entire Dutch banking sector an advantage of 350 million euros per year.

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