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.
Many ING customers are furious about CEO Ralph Hamers' salary increase from 2 million to 3 million euros per year and are switching to sustainable banks like Triodos and ASN, the Parool reports.
An ASN spokesperson told the newspaper that the bank saw five times more new customers between Thursday and this weekend than usual, as well as a tenfold increase in the number of applications for accounts. "If people indicated online why they're switching, it usually involved the hassle at ING."
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.
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.
Large Dutch banks invested billions in the meat industry over the past years, and a large part of that money went to companies where animal welfare is not in order, according to a new report by Eerlijke Bankwijzer. These include companies that sell battery farm chickens, keep their sows locked up in cages, or slaughter animals in controversial ways, RTL Nieuws reports.
The Eerlijke Bankwijzer, or Fair Bank Guide, looks at whether Dutch banks invest their money responsibly. Amnesty International, FNV, Mileudefensie and Oxfam Novib, among others, contribute to it.
The Dutch and American authorities want ING to provide insight into future corruption risks as part of a settlement on four money laundering and fraud cases against the Dutch bank. The authorities hope that additional monitoring will reduce the risk of ING getting involved in such corruption cases again, the Financieele Dagblad reports.
An 18-year-old Oosterhout man arrested in connection with DDoS attacks on Dutch financial institutions, wanted "to show that a teenager can simply crash all banks with a relatively simple attack", suspect Jelle S. wrote in an email to the Volkskrant shorty before his arrest.
The police arrested an 18-year-old man from Oosterhout in connection with multiple DDoS attacks on the Tax Authority, tech site Tweakers and internet provider Tweak last week, as well as on online bank Bunq in September last year. The man was arrested on Thursday, February 1st, the police said in a statement on Monday.
In a DDoS attack large amounts of data is sent to the targeted site, overloading the site's server and thereby crashing the site.
ABN Amro, ING, Rabobank and the Tax Authority again faced DDoS attacks on Tuesday, though this time the financial services managed to deter them better than over the weekend. The attacks caused a short disruption in payment system iDeal, but the problems were quickly restored, NOS reports.
ABN Amro was troubled by attacks all day long, but they were mostly successfully fought off, a spokesperson said to the broadcaster. Around 5:30 p.m. the bank faced a short disruption.
The Dutch Tax Authority was hit by a DDoS attack on Monday, NOS reports. According to the tax service, its site was difficult to reach for a time on Monday morning, but everything should be working again. Three Dutch banks also faced such cyber attacks since Saturday.
A number of online Rabobank services are unavailable on Monday due to a DDoS attack, the bank confirmed. Rabobank is the third Dutch bank affected by such a cyber attack since Saturday.
In a DDoS attack large amounts of data traffic is sent to a particular website, overloading its server and thereby crashing the site. According to Rabobank, some customers can currently not log into their mobile- and online banking. iDeal is also currently not available to everyone, a spokesperson for the bank told NU.nl.
Dutch banks ABN Amro and ING were both hit by DDoS attacks over the weekend, leaving customers unable to use their mobile- or online banking for hours at a time, NOS reports.
In a DDoS attack large amounts of data traffic is sent to a particular website, overloading its server and thereby crashing the site.
While the government is still working on plans for longer paternity leave, Dutch companies are taking the lead in this field. More and more businesses in the Netherlands are offering new fathers more paid leave when their child is born, BNR reports.
The coalition agreement for the Rutte III government states that paid paternity leave will increase from two days to five days from 2019 onwards. But a number of Dutch businesses are deciding not to wait for that.
This year Hurricane Irma, the parliamentary elections in March and the government formation that followed, a Dutch comedian mocking Donald Trump, and gay bashing in Arnhem held NL Times the most readers' attention. Here follows the top 10 most read stories on NL Times in 2017, in contrast to our picks for the top stories of the year.
ING and Rabobank provided loans to three Dutch importers who purchase granite from quarries that use child labor, according to research from banking watchdog the Eerlijke Bankwijzer, RTL Nieuws reports.
Profundo did this study on behalf of the watchdog based on previous research that found that labor rights and human rights are often violated in the mining of granite, including the use of child labor. Dutch importers buy granite from Indian quarries where such abuses occur.
YouTube founder Chad Hurley was announced as a new headliner to replace actor Kevin Spacey at ING's BusinessBoost event in Rotterdam. At the event he will discuss his time at YouTube and the investments he made thereafter.
Hurley founded the video sharing service in 2005, together with two former colleagues from PayPal. A year and a half later they sold the platform to Google for $1.65 billions. Since 2013 he is the co-owner of the video editing and sharing website Mixbit.
Dutch bank ING decided to drop Kevin Spacey as a speaker at a BusinessBoost event later this month following multiple accusations of sexual assault against the American actor, the bank announced in a statement sent to NL Times on Friday.
With reporting by Janene Pieters.
Dutch bank ING is still undecided if actor Kevin Spacey will be dropped as a speaker at its BusinessBoost event later this month after at least four men accused the American actor of sexually assaulting, abusing, or harassing them over the course of his career. An ING spokesperson told NL Times at the beginning of the week they want clarity and more information about the situation before making a firm decision to drop Spacey or to keep him as the event's headliner.
The biggest threat to the future of the baking world is not startups, but major technology platforms like Google, Apple and Amazon - Amazon in particular, ING CEO Ralph Hamers said to Financieele Dagblad.
Banks treat their customers with a mortgage "too often as a cash cow", Bart Combee, director of Dutch consumers assocation Consumentenbond said on Tuesday. A study by the association showed that banks often charge higher than necessary costs for adjustments to mortgages, ANP reports.
ING employees in the Netherlands will soon have the right to a month's paid paternity leave at the birth of a new child, according to the new collective bargaining agreement the bank made with unions FNV Finance, De Unie and CNV Vakmensen. This appointment also applies to non-biological mothers, NU.nl reports.
Dutch bank ING expects that electric driving in Europe will only increase as the main obstacles for switching to electric cars continue to decrease. By 2035 only electric cars will be sold in Europe, according to the bank, RTL Nieuws reports.
A study by the bank showed three main reasons that consumers aren't immediately switching from petrol and diesel cars to electric cars. 40 percent found it too expensive, 28 percent say they can't drive far enough on a fully charged battery, and 20 percent said there are no charging poles in their area.
The official outcome of the election in the United Kingdom on Thursday is still unknown. But it is certain that Prime Minister Theresa May's Conservative Party will lose its absolute majority. While anti-Brexit Jeremy Corbyn's Labour party gained ground. What consequences this will hold for the Brexit is unclear. We'll have to wait and see, is what Dutch Prime Minister Mark Rutte has to say on the matter.