ING Announces Job Cuts as Quarterly Profit Misses Estimates
ING Groep NV reported profit for the third quarter that missed estimates after costs rose and it set aside more money for souring loans. The Dutch lender also said it will cut about 400 staff to refocus its wholesale banking business.
<p>ING Groep NV reported profit for the third quarter that missed estimates after costs rose and it set aside more money for souring loans. The Dutch lender also said it will cut about 400 staff to refocus its wholesale banking business.</p>