Help


[permalink] [id link]
+
Page "ING Group" ¶ 8
from Wikipedia
Edit
Promote Demote Fragment Fix

Some Related Sentences

ING and Group
It is now held by ING Group, which purchased Barings.
* ING Investment Management, an asset management company that is part of the ING Group
* Nationale Nederlanden, an insurance company that is part of the ING Group ( shared HQ with Rotterdam )
2008 was also the first year large Dutch international corporations ING Group and TNT NV sponsored the event.
Category: ING Group
Examples include Thomas H. Bailey, founder and former chairman of Janus Capital Group, Geoff Beattie, president of The Woodbridge Company and chairman of CTVglobemedia, George Cope, president and CEO of Bell Canada Enterprise, Edward Rogers III, deputy chairman of Rogers Communications, and former president of Rogers Cable, Arkadi Kuhlmann, chairman of ING Direct, Rob McEwen, chairman and CEO of US Gold Corporation, Minera Andes and the founder, chairman and former CEO of Goldcorp Inc., John Thompson, former chairman of Toronto-Dominion Bank and chancellor of Western, Prem Watsa, chairman, CEO of Fairfax Financial, Lee Seng Wee, former chairman of Oversea-Chinese Banking Corporation, Galen Weston, chairman and president of George Weston Limited.
* ING Group, a Dutch financial institution with operations worldwide
The ING Group () is a global financial institution offering retail banking, direct banking, commercial banking, investment banking, asset management, and insurance services.
ING is an abbreviation for ( English: International Netherlands Group ).
ING is the Dutch member of the Inter-Alpha Group of Banks, a cooperative consortium of 11 prominent European banks.
ING Group traces its roots to two major Insurance companies in the Netherlands and the banking services of the Dutch government.
In 1991 the banking business of NMB Postbank and the insurance business of Nationale-Nederlanden were merged to create ING Group, after changes in regulation that allowed banks and insurance businesses to work together.
In the late-2000s financial crisis ING Group, together with most other major banks in the Netherlands, took a capital injection from the Dutch Government in 2008 as part of its response to the crisis.
ING Group global locations
In October 2008, in a move to increase its core Tier 1 capital ratio above 8 %, ING Group accepted a capital injection plan from the Dutch Government.
As of February 2009, ING Canada ( the insurance arm ) is no longer a subsidiary of ING Group.
ING Group still operates ING Bank of Canada, also known as ING Direct Canada.
The sale was completed on June 16, 2011 with the CEO of ING Group at that time Jan Hommen saying the sale " marks a further important step in the restructuring of ING Group.

ING and expanded
Against the background of the Group realizing its global ambitions, ING Investment Management has also expanded across borders.
It was initially designed as a telescope control system, installed at the AAT at Siding Spring, the WHT at the ING on La Palma, and at the JCMT on Mauna Kea ( where it is still working in legacy systems ), but its role expanded to cover graphics, data access, interprocess communication, and the full range of functionality required to support a diverse range of interoperable applications.

ING and its
One of the most famous contemporary buildings by an anthroposophical architect is ING House, an ING Bank building in Amsterdam, which has received several awards for its ecological design and approach to a self-sustaining ecology as an autonomous building and example of sustainable architecture.
The Dutch banking giant ING Groep N. V. headquartered its U. S. internet banking unit, ING Direct, in Wilmington.
However it was the 1995 purchase of Barings Bank after its dramatic failure that saw of ING Groups investment banking business boosted significantly.
To expanding its retail banking business overseas, rather than create a branch network, it used the direct banking business model it had develop with NMB Postbank to launch an overseas direct banking businesses called ING Direct.
In July 2011, ING divested all its Latin American insurance operations to the Colombian insurance group GrupoSura for US $ 3. 85 billion, excluding ING's 36 percent holding in Brazilian insurer Sul America which will be sold at a later date.
ING Commercial Bank will keep its operations in Mexico.
The European Commission also required ING to divest itself of its insurance and investment management operations by the end of 2013 as a condition of approving the state aid.
Under the settlement agreement, ING Bank is required to conduct a review of, and to submit a report to OFAC regarding, its policies and procedures and their implementation, taking an appropriate risk-focused sampling of U. S. dollar payments to ensure that its OFAC compliance program is functioning effectively to detect, correct, and report any OFAC-sanctioned transactions that might occur.
Beginning in the 1990s, at the instruction of senior bank management, ING Bank employees in Curaçao began processing payments for ING Bank ’ s Cuban banking operations through its branch in Curaçao on behalf of Cuban customers without reference to the payments ’ origin.
Moreover, ING Bank ’ s Trade and Commodity Finance business at its Wholesale Banking branch in the Netherlands routed payments made on behalf of U. S .- sanctioned Cuban clients through other corporate clients to obscure the sanctioned clients ’ identities and its Romanian branch omitted details from a letter of credit involving a U. S. financial institution in order to finance the exportation of U. S .- origin goods to Iran.
ING Direct Italy is currently opening its own " bank shops " in the major towns, where customers can operate services on usual web channels, assisted or not by branch operators, and use advanced teller machines for cash and check transactions.
ING Direct was founded in 2000, with its headquarters in Wilmington, Delaware.
This acquisition increased the brand recognition of ING around the world and strengthened its Commercial Banking presence in the emerging markets.
Following the acquisition and up until 2004, ING's investment banking division was called ING Barings, at which point it severed its ties with the Barings name and combined with ING's other commercial banking operations.
In 2009 ING advised Mobile TeleSystems OJSC ( MTS ), Russia's largest mobile operator, in its acquisition of a 51 % stake in Comstar UTS for USD 1. 27bn, and Russia-focussed oil producer, Exillon Energy on its USD 100m IPO.

ING and international
A number of international firms such as Citibank, ING Bank, Fortis Bank, and Shell have chosen to locate their offices there rather than in the Gdansk city center, large shopping centers such as Galeria Bałtycka and Centrum Handlowe Manhattan are opening along Grunwaldzka Street, and extensive military properties have been sold to housing developers.
European Engineer ( Eur Ing, EUR ING ) is an international professional qualification for engineers used in over 30 European countries.
In 2004, ING Real Estate, an international property development company, became the owners of Hayle harbour and started to purchase land within the immediate vicinity of their planned project area.

ING and business
The Group's corporate headquarters, ING House, is located in the business district of Zuidas in Amsterdam, Netherlands.
After completion of sale a gradual transfer will see the ING Direct Canada name disappear from the Canadian banking sector, but it will not impact the day to day business operations.
On October 8, 2008, ING purchased the savings accounts of the collapsed Icelandic bank, Kaupthing Singer & Friedlander, the UK Treasury used the Banking ( Special Provisions ) Act 2008 to transfer the Kaupthing Edge deposit business to ING Direct.
In 2009, ING announced plans to separate its insurance business from its main banking operations through two IPO's, one for Europe and Asia and another one for the US.
* 2008 The UK business of Kaupthing Edge, covering £ 2. 5 billion in deposits and 160, 000 customers, is taken over by ING Direct after the Financial Services Authority closed its London centre of operations.
This came about when " Britain transferred control of the business of Kaupthing Edge, its Internet bank, to ING Direct and put Kaupthing's UK operations into administration " placing Kaupthing in technical default according to loan agreements.
In 2004, Egg decided to close its French operations, selling the unsecured lending business to: fr: Banque Accord and the savings and brokerage businesses to ING of the Netherlands.
At his own wish Gloystein resigned from the BHF and ING in 2002 as a result of differing opinions on future business strategy in the German market.

0.122 seconds.