Tag: ING

Dutch authorities closes ING money laundering case
Global

Dutch authorities closes ING money laundering case

After agreeing to pay $900 million to settle its money laundering case with Dutch authorities, ING said the investigations has been concluded. In a statement to confirm that state of the matter, ING said: “On 4 September 2018 ING announced that it entered into a settlement agreement with the Dutch […]

Breaking: US investigates ING for money laundering
Big Business Global

Breaking: US investigates ING for money laundering

One of Europe’s largest financial services group, ING, said it is being investigated for ‘money laundering and corrupt practices’. ING said in a statement that: “ING Bank is the subject of criminal investigations by Dutch authorities regarding various requirements related to client on-boarding, money laundering and corrupt practices. ING Group […]

ING, AXA enters bancassurance joint venture
Big Business Global

ING, AXA enters bancassurance joint venture

Financial services and insurance giants, ING and AXA have entered into a bancassurance joint venture to provide insurance products and related services through a central digital insurance platform. Under the partnership, ING will bring to bear its leading digital banking experience and AXA its expertise in innovative modular insurance products […]

ING buys EUR240 million stake in Bank of Beijing
Global

ING buys EUR240 million stake in Bank of Beijing

European financial services group, ING said it has expended about EUR240 million to buy a major stake in Bank of Beijing. The total share disclosed was 265 million shares out of the issued 2.9 billion ordinary shares with a value of approximately RMB 21.7 billion (approximately EUR 2.8 billion at […]

Scalable Capital takes over ING retail services unit
Tech

Scalable Capital takes over ING retail services unit

European investment banking major, ING said its partnership with an online wealth manager, Scalable Capital is now in action. Scalable Capital is a fintech playing in the European robo-advice market. It would be recalled that BlackRock had invested in Scalable Capital, a move that signaled that the company has a […]