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Market Impact: 0.4
ING Announces Job Cuts as Quarterly Profit Misses Estimates
Source: Bloomberg
Corporate EarningsBanking & LiquidityCompany FundamentalsM&A & Restructuring
ING Groep’s third-quarter profit missed estimates as costs rose and the lender set aside more money for souring loans. It also plans to cut about 400 staff to refocus its wholesale banking business.
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