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Reuters: ING to take government guarantees, CEO steps down

Started by chris, January 26, 2009, 09:59:10 AM

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chris

ING to take government guarantees, CEO steps down
      


AMSTERDAM (Reuters) - Dutch financial group ING  will take a 2008 loss of 1 billion euros ($1.3 billion) and will tap into 22 billion euros of Dutch state loan guarantees for its troubled loan portfolio, it said on Monday.<div class="feedflare">
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