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.
FBI Involved After Two Florida Injury Lawyers Go Missing From Fishing Trip 
Howden Buys M&A Insurance Broker Atlantic Group in US Expansion 
AIG’s Zaffino to Step Down as CEO as Aon’s Andersen Steps In 
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead 
