ING Groep N.V. (ING)

	SUMMARY

	BULLS

	BEARS

	TOPICS

	DATA CENTRAL

	STOCK CHART

	SEC FILINGS

	BALANCE

	INCOME

	CASH FLOW

Flash Player 9 or higher is required to view the chart
Click here to download Flash Player now

6 ING Declares 1 billion Euro Expense Cut for 2009 ING will cut its expenses by 1 billion Euros in 2009 by cutting 7000 jobs, and has also signed a deal with the Dutch government which will cover 80% of its Alt-A mortgage securities. ING shares rebound after state invests euro10B Shares in ING Groep NV rebounded by nearly 30 percent Monday after the Dutch government threw the bank and insurer a 10 billion euros ($13.4 billion) investment lifeline to strengthen its cash position and keep it from falling victim to the global financial crisis. ING shares fall sharply, company unveils losses ING Groep NV abruptly reported losses in the third quarter on Friday, in response to a sharp drop in its share price as rumors swirled that it is facing a shortage of capital.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.

Mobile | Advertise | Licensing & Partnerships | Blogger Tools | Jobs