ING is named in a massive fraud case surrounding Malaysian state fund 1MDB. According to the Volkskrant, the U.S. subpoena in the case states that the Dutch bank played a roll in transfers of large amounts between companies.
Nearly half of Dutch poultry farmers have been living below the poverty for an average of 15 years, according to an ING report on the state of Dutch agriculture. Half of chicken farmers and 45 percent of pig farmers lived on less than 22,300 a year between 2001 and 2015
Digitization always comes at the expense of jobs, ING bank CEO Ralph Hamers said to RTL Z. He emphasized that the 7 thousand jobs disappearing from the Benelux are not because of cutbacks.
ING is cutting a total of 7 thousand jobs across the Benelux region, the bank announced on Monday. The Netherlands is losing 2,300 jobs and Belgium is losing 3,100
ING CEO Ralph Hamers is preparing for a major reorganization that will cost thousands of jobs as well as the autonomy of the countries where the bank is located, Financieele Dagblad reports. According to the newspaper, this plan is expected to save billions of euros in cost cuts.
The mortgage market in the Netherlands is recovering to pre-financial crisis levels. In the second quarter of this year, the mortgage market reached the highest level since the outbreak of the crisis in 2008, according to figures from IG & H Consulting
Dutch bank ING is lowering its interest on freely available savings accounts to 0.3 percent. And with that all three large Dutch banks are closer to a 0 percent interest rates on savings accounts than 1 percent
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.
The United Kingdom's decision to leave the European Union will likely do "substantial damage" to the growth of the Dutch economy, ING Economic Bureau said on Tuesday. The bank lowered its economic growth forecast for 2016 from 2.1 percent to 1.8 percent and for next year from 1.9 percent to 1.3 percent
Many Netherlands residents will receive their holiday pay next week. And the majority of them will actually spend it, instead of saving it or using it to pay debts, according to an ING Economic Bureau survey
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
Dutch banks ING and Rabobank jointly invested 218.6 million euros in Russian coal firm SUEK in February of this year, according to bank watchdog Eerlijke Banwijzer. The watchdog finds the investments "appalling" and calls on both banks to stop investing in coal producers.
Renting out rooms to tourists through Airbnb can at least partly be blamed for the skyrocketing housing prices in Amsterdam and the increasing gap between rich and poor in the city, according to a study done by ING's Economic Bureau
On Thursday afternoon ING Group announced the sale of the last of its residual share in the insurance and asset management company Nationale-Nederlanden
A new Rembrandt, painted nearly four centuries after the famous Dutch artist's death, was unveiled in Amsterdam art gallery Looiersgracht 60 on Tuesday. The portrait of a Caucasian man with a white collar and a hat was not painted by an understudy or fan, but by a computer based on Rembrandt's complete works.
Dutch bank ABN Amro is lowering the cost of many of its consumer products by up to 60 percent, the company announced in a statement on Friday. The discount will be given to new clients, and also to existing customer accounts.
The bankruptcy curator working on the bankruptcy of Perry Sport and Aktiesport is filing a law suit against the stores' four banks over unpaid wages for the staff.
ING bank will likely layoff a number of London staff members if the United Kingdom decides to withdraw from the European Union, the so-called Brexit, CEO Ralph Hamers said to Bloomberg. Hamers' statement follows a similar statements from HSBC Holdings last week and other financial institutions.
Russian telecom company Vimpelcom, one of the largest telecom companies in the world, is paying a 716 million euro settlement to the Netherlands and United States. This is to avoid criminal prosecution for bribery.
ING bank bought a stake in the Chinese lending platform WeLab, the bank announced in Beijing on Tuesday. In China WeLab is active in the peer-to-peer lending platform wolaidai.com
Compared to the United States, Europe is always ahead in terms of adopting the latest payment and financial technologies. In 2014, The Guardian reported that America is ‘a decade behind Europe’ in terms of adopting the chip and pin cards that have reduced data theft, due to the former’s strict regulatory rules. Today, European countries, especially the Netherlands, are keen to adopt the latest fintech.
There are rumors abound that the United Kingdom postal service is about to make a bid on Dutch counterpart PostNL
Dutch bank ING plans to support the Apple Pay payment system in the near future, the bank said on Twitter.
Dutch bank ING decided to stop financing new coal plants with immediate effect. The bank will also no longer provide credit to new clients in the energy industry that rely on coal more than 50 percent.