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Huge Losses at ING Bring New CEO, 7K Job Cuts

Dutch banking giant posts $2.6B in quarterly loss, against asks government for help

By Jason Farago,  Newser Staff

Posted Jan 26, 2009 8:32 AM CST

(Newser) – ING posted a $2.6 billion quarterly loss today, leading the banking giant to replace its CEO, fire 7,000 employees, and seek new guarantees from the Dutch government. The request for state aid is ING’s second in three months, and the bank said...   Read full story »

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