ING Group, N.V. (ING) News

ING Group, N.V. (ING)

Today's Latest Price: $10.24 USD

0.88 (9.40%)

Updated Nov 24 6:40pm

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Latest ING News From Around the Web

Below are the latest news stories about Ing Groep Nv that investors may wish to consider to help them evaluate ING as an investment opportunity.

ING Capital leads $235M expanded syndicated financing for precious metals merchants

ING Capital ([[ING]] -1.2%) leads a $235M syndicated financing on behalf of Auramet Trading and Auramet International.The deal closed on August 7, 2020."We are excited to have completed this renewal during these challenging and uncertain times. We continue to be impressed with our long-term partnership with ING and the expanded support...

Seeking Alpha | August 18, 2020

ING Groep N.V. (ING) CEO Steven van Rijswijk on Q2 2020 Results - Earnings Call Transcript

ING Groep N.V.(ING) Q2 2020 Earnings Conference Call August 6, 2020 02:30 AM ET Company Participants Steven van Rijswijk - Chief Executive Officer Tanate Phutrakul - Chief Financial Officer Conference Call Participants Stefan Nedialkov - Citigroup Benoit Petrarque - Kepler Cheuvreux Giulia Aurora Miotto - Morgan Stanley Benjamin Goy -...

SA Transcripts on Seeking Alpha | August 7, 2020

Gold Continues to Climb On Weak Dollar And Low Interest Rates

By Bryan Wong

Yahoo | July 31, 2020

ING to book goodwill impairment of €300M in Q2

ING Groep ([[ING]] -1.7%) issued a surprise profit warning, saying the COVID-19 pandemic has triggered a €300M writedown in Q2 related to past acquisitions, as the economic fallout have lowered their value.The company said that the goodwill impairment will be reported under operating expenses and won’t impact the company’s capital ratios.ING...

Seeking Alpha | July 28, 2020

ING Groep to Shut Branches Amid Shift Toward Digitalization

ING Groep's (ING) digitalization plans receive a boost as the bank will shut down branches amid dwindling footfall and larger adoption of digital means by customers due to the pandemic.

Yahoo | July 13, 2020

New York Private Equity Goes for the Jugular in Germany

(Bloomberg Opinion) -- Cerberus Capital Management LP has gone for the jugular. The New York private equity firm has been pushing Commerzbank AG to ramp up its cost cutting because of its dismal profit prospects and a share-price slump, and its campaign has prompted the departure of both the German lender’s chairman and its chief executive officer.However, a leadership vacuum in the midst of the worst recession in living memory isn’t ideal. While a fresh management vision will deepen Commerzbank’s restructuring plans, the search for suitable successors will delay the overhaul.Other investors, including the German government, are also eager to put the bank on a track toward sustainable profitability. But there’s a limit on how far cost reductions can help. Germany is a notoriously over-b...

Yahoo | July 6, 2020

Do Hedge Funds Love ING Groep N.V. (ING)?

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]

Yahoo | July 1, 2020

Wirecard Vows to Continue With Activities Amid Insolvency Steps

(Bloomberg) -- Wirecard AG expects its provisional insolvency administrator to be appointed shortly as the scandal-hit payment company said its business activities will continue.Once lauded as one of Germany’s most successful up-and-coming businesses, Wirecard filed for insolvency on Thursday after the company said that 1.9 billion euros ($2.1 billion) previously reported as cash on its balance sheet probably doesn’t exist.In a statement on Saturday, the company said its management board believes continuation of operations “is in the best interests of the creditors.” That includes its banking unit, which is currently not part of the insolvency proceedings.“The electronic funds transfer of Wirecard Bank are not affected,” the company said in the statement. “Payouts to merchants of Wireca...

Yahoo | June 27, 2020

ING promotes from within for CEO

Steven van Rijswijk to succeed Ralph Hamers as CEO of ING  (ING), effective July 1. Steven van Rijswijk is currently member of the executive board and chief risk officer of ING.Shares+1% premarket to $7.19....

Seeking Alpha | June 19, 2020

Stocks - Europe Seen Mixed; EU Leaders to Meet

At 2 AM ET (0600 GMT), the DAX futures contract in Germany traded 0.3% higher. France's CAC 40 futures were down 0.6%, while the FTSE 100 futures contract in the U.K. fell 0.5%. On Thursday around 400 workers at a slaughterhouse in northern Germany tested positive for the virus.

Yahoo | June 19, 2020

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