4 Financial Stock Stories Requiring Attention

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

ING Groep (NYSE:ING): Current price $8.96

Perhaps because the Dutch banking and insurance group ING posted a fourth-quarter net profit that missed on Wednesday, the firm’s Chief Financial Officer Patrick Flynn told CNBC that it would implement large staff reductions so as to save €1 billion in annual operating costs. More specifically, Flynn remarked that his company needed 7,500 fewer empoyees across banking and insurance. That figure includes 2,400 job cuts reported in Wednesday’s earnings release.


More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business