Stock Profile

     Stock ID : ing1001

     Stock Name : ing group

     Stock Description : Like many U.S. banks, ING's 2008 was marked by a little help from the government. In October, Dutch authorities infused about $13 billion into the flailing financial services provider to help raise capital. ING's stock fell almost 73% to about $10 a share by the year's end, and its net loss totaled about $1 billion. Citing the extraordinary developments over the past few months, CEO Michel Tilmant stepped down in early 2009. In an effort to cut more than $1 billion in operating expenses this year, ING is, among other things, cutting 7,000 full-time positions.

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     Stock Added : 11/2/2009 2:37:30 AM

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