ING CEO quits after 4Q loss, new state aid (AP)

[riky]

ING CEO quits after 4Q loss, new state aid
    (AP)

 


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


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