LATEST

ING to Cut 1 Billion Euros in Costs, Slash 7,500 Jobs

Axe Header

Dutch banking and insurance group, ING reported fourth-quarter net profit that missed expectations on Wednesday but the company's Chief Financial Officer told CNBC it would implement major cuts to save 1 billion euros in operating costs per year.

Job Loss and Other Citi and UBS News

UBS Investment Bank Building

Dutch banking and insurance group ING said it may need to cut more costs to cope with new regulations and high provisions for bad loans, highlighting the pressures on banks to shrink their businesses.

ING Appoint Chief Risk Operator

ING Logo

ING has announced the appointment of Doug Caldwell as Member of the Management Board Insurance EurAsia (MBE) and Chief Risk Officer (CRO) Insurance/IM EurAsia as of 1 December 2012.

HOT LIST