ING Planning to Cut Hundreds of Jobs Despite €1.9 Billion Profit Last Quarter
7 Articles
7 Articles
ING planning to cut hundreds of jobs despite €1.9 billion profit last quarter
ING will cut 400 jobs globally within its wholesale banking division, the Dutch financial group announced on Thursday with its quarterly results. Largely thanks to rising interest rates, the bank posted a profit of €1.85 billion in the third quarter, up 3.5 percent from a year earlier. According to ING CEO Steven van Rijswijk, the job cuts are needed to streamline the wholesale banking division. This will also make it easier for clients to do bu…
ING wants to reduce the number of employees in its business banking division and will eliminate 400 jobs worldwide, announced the Dutch bank on Thursday when presenting its quarterly results. ...
The Dutch financial institution announces a new share buyback and distributions. However, ING failed to meet the expectations of the analysts.
Key takeaways ING has launched a share buyback program worth a total of 1.65 billion euros, an amount higher than the 1.25 billion euros predicted by market experts. In addition, the institution has announced that shareholders will receive an extra cash distribution of 250 million euros this coming January. Staff reductions The Dutch lender is […]
ING will reduce its staff in its business bank. The Dutch financial group announced on Thursday the elimination of 400 jobs in this division around the world, on the occasion of the presentation of its quarterly results. This decision comes as the bank shows results in progress. In the third quarter, ING increased its interest income by 15%. The increase in rates allows it, in particular, to collect more interest on loans granted, without having…
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