Dutch banks have improved their credit risk position and have a low credit risk, the European Banking Authority (EBA) said on Tuesday.
The Netherlands has decided to start an auction to sell a portfolio of U.S. mortgage-backed securities which it acquired from ING Groep NV during the financial crisis, The Wall Street Journal reports.
The round-up of some of this week’s most noteworthy events and news stories features: two mechanics killed in a fire in a wind turbine, the Filipino Sweety attracts a thousand child molesters, an F-16 damages a control tower, eight police officers injured by soccer fans, Labour support for F-35 purchases, and the permanent Body World's exhibition.
Dutch financial-services company ING Groep NV is speeding up its reorganization after receiving regulators’ approval to combine its Japanese insurance unit with European operations in a 2014 initial public offering, Bloomberg News reported.
The Dutch government will sell €6.4 billion of ING Groep U.S. mortgage bonds that it acquired during a 2009 bailout, Bloomberg News reports.
ING announced a large drop in profits, while their analysts claim the Dutch economy will contract by 1.4% in 2013.
The measures that ING has taken against new cyber attacks seem to bear fruit, according to a spokesperson of the National Cyber Security Center (NCSC) in response to new problems, which the bank was able to remedy within 20 minutes. “Last week the internet banking system was down for hours and now it was over in a couple of minutes.”
ING has no idea why the last week it has been the victim of a DDoS attack several times. A spokesperson of ING said on Radio 1 this morning, “The company is not threatened or extorted.”
The cyber attack on ING and iDeal on April 3 does not look like a serious attempt to get customers' data, according to experts and hackers in the Metro. “It looks to me like nothing more than teasing," says security specialist Barry van Kampen. “A prank of maybe an angry customer who wants to tease ING back and paralyze its organization.