Following a “strategic review” commenced last November, ING Group announced that it expected to cut around 1100 jobs at its investment banking units, principally at Barings Bank in London.
The move is in line with the Dutch financial services and insurance group’s decision to retreat from the investment banking market, and follows its decision to also sell its U.S. units. Holland’s ABN Amro Bank is reportedly the leading contender.
Topics Talent
Was this article valuable?
Here are more articles you may enjoy.
AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers 
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
