BIG DROP: ING Groep NV reported a 23 percent fall in second quarter earnings as its banking operations were hurt by higher bad loan provisions and losses in Spain.
SPANISH SALE: ING reduced its exposure to Spain by selling off Spanish bonds at a loss. The company said its Spanish portfolio will continue to shrink as mortgage-linked products age.
NO DIVIDEND: ING will not pay a dividend until it has repaid the Dutch state a remaining ?3 billion ($3.7 billion) it owes after being bailed out during the 2008 financial crisis.
Source: http://news.yahoo.com/news-summary-ing-2q-earnings-fall-bad-loans-211942584--finance.html
jobs act greg mortenson jim marshall died 2013 toyota avalon the secret life of bees full moon amber rose
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.