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ING Posts Narrower Fourth-Quarter Loss [TheStreet.com]

Wednesday, February 17, 2010 - 8:13 AMING DIRECT - Details
The parent of ING Direct, the Dutch company ING Groep, "reported a fourth-quarter loss of 712 million euros ($978.8 million) after recording a charge to pay back state aid." according to TheStreet.com.

There was nothing mentioned about ING Direct USA's divestment that's planned to take place before 2014. The only thing mentioned in ING's press release was the plan for separating the banking and insurance units in 2010. Q4 results did show a big increase in deposits at ING Direct in 2009 ($25 billion Euros). Note, ING Direct has operations in several countries in addition to the US.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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