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ING sees loss, job cuts, gives state risky assets (AP)

Started by riky, January 26, 2009, 01:01:11 PM

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riky

ING sees loss, job cuts, gives state risky assets
    (AP)

 



AP - Bank and insurer ING Group NV said Monday it will book a large fourth quarter loss, cut 7,000 job cuts and change its CEO. It also said the Dutch government will take ownership of most of euro27.7 billion ($35.8 billion) in troubled U.S. mortgage-backed securities.


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