The Public Prosecutor is busy with a criminal investigation against ING in which the bank is suspected of involvement in international corruption, money laundering, violating rules for customer due diligence and failing to report unusual transactions, a spokesperson for the Prosecutor's Office confirmed to the Financieele Dagblad on Tuesday.
ING Bank will be nominating former Prime Minister Jan Peter Balkenende to sit on the bank's supervisory board. The nomination will be made at the Annual General Meeting (AGM) on May 8th. Along with Balkenende, the bank will also nominate Margarete Haase and Hans Wijers for positions on the board, ING announced on Thursday.
While the worst of the credit crisis is now definitely a thing of the past, the future of the euro remains a major concern, the directors of ING Bank said while presenting the bank's annual figures on Thursday, ANP reports.
Dutch bank ING was linked to an American fraud investigation in which Malaysian Prime Minister Najib Razak is suspected of embezzling over a billion dollars from Malaysian state investment fund 1MDB into his personal accounts, the Financieele Dagblad reports.
ING Bank will announce hundreds of layoffs at the Dutch headquarters in Amsterdam on Tuesday. These layoffs form part of the reorganization program which was announced in November last year. A total of more than 2,700 jobs will disappear - 1,700 permanent jobs and 1,075 flexible jobs.
On Sunday, following the results of the banking examination of the European Central Bank (ECB), ING announced that they will pay off their state aid this year still.
The Dutch banking sector “will be in healthy condition” when the European Central Bank (ECB) begins their supervision on November 4, the Dutch National Bank (DNB) said. Seven Netherlands banks were examined by the ECB and found to be healthy and well-capitalised, and survived the stringent stress test.
A malfunction with ING Bank's online system left customers in a lurch, unable to use internet banking services as well as transaction processor iDeal. First reports of the problem surfaced around 10:00 am as customers took to social media to complain of payment failures.
The four biggest banks in the Netherlands have to introduce bigger financial buffers in the coming years in order to avoid collapse. The Dutch Bank (DNB) has told ABN Amro, ING Bank and Rabobank to build up a buffer of 3 percent and the SNS Bank to build up a buffer of 1 percent.
Criminals are using the cyber attack on the ING bank to send phishing mails. People are asked to follow a link in a fake e-mail to secure their personal banking details because they would be inadequately secured after the Internet fraud of last week.
Customers are unable to pay for their groceries, have thousands of euros more or less in their bank accounts than yesterday and can not to log into Internet banking because of extreme technical failures at the ING bank on Wednesday.