ING Group
The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions, ING has built up a global footprint. The 2008 financial crisis forced ING to seek government support - a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market-leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.www.ing.com
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Search complete. 114 mentions across 78 episodes found for "ING Group".
Oct 31, 2026
speaker_0HOST
In the same week, it offered about 60,000 of its employees a voluntary exit.
speaker_0HOST
ING reported a net result of 1.85 billion euros and said about 400 roles will go.
speaker_0HOST
And Dropbox told staff its business is profitable while cutting about 9% of its workforce.
speaker_0HOST
That raises a question we keep being asked.
speaker_0HOST
Staff have until early December to decide.
speaker_0HOST
Its finance chief said the company expects very few people to take the offer, and a spokesperson said 3,000 or fewer.
speaker_0HOST
ING made €1.85 billion in the third quarter and is buying back €1.65 billion of shares.
speaker_0HOST
On the same day, it said it expects around 400 redundancies in its wholesale banking unit, with a provision of around €175 million in the fourth quarter.
Olivia LakeHOST
The University of Michigan's Consumer Sentiment Index just hit its second lowest reading on record this month.
Olivia LakeHOST
And ING also points out that real household incomes are barely growing in a low hire, low fire economy.
Olivia LakeHOST
So why is that spending still so strong? Basically, it's because most of the spending is coming from higher income households.
Olivia LakeHOST
The CNN cites Fed data showing the top 20% of households account for about 40% of all spending.
Dan MichelonHOST
Yeah.
Dan MichelonHOST
I mean the idea of coming to that conclusion, what's enough? We've talked a million times over about the ING commercial.
Dan MichelonHOST
Do you measure enough by just a number? Do you measure enough by the income? We're big proponents of determining what you need for income and using that to guide you and And using advisors like ourselves to help you back into that number based upon what you have today and there's always techniques to do that.
Dan MichelonHOST
So that's our philosophy on it.
Caroline HepkerHOST
And out this morning already, BBVA, The Spanish lender third quarter net income comes in as a beat 3.02 billion euros.
Caroline HepkerHOST
ING third quarter net income comes in at 1.85 billion euros below estimates.
Caroline HepkerHOST
Kevin Walsh signalled more hikes to come.
Caroline HepkerHOST
A question about why that didn't happen yesterday, though.
Caroline HepkerHOST
And out this morning already, BBVA, The Spanish lender third quarter net income comes in as a beat 3.02 billion euros.
Caroline HepkerHOST
ING third quarter net income comes in at 1.85 billion euros below estimates.
Caroline HepkerHOST
Kevin Walsh signaled more hikes to come.
Caroline HepkerHOST
A question about why that didn't happen yesterday, though.
Gemma MitchellHOST
I wrote them down.
Gemma MitchellHOST
Uh, you bank and ING, they're doing like 6.5% at the moment, um, on introductory rates.
Gemma MitchellHOST
So they only go for a few months as heaps of terms and conditions and then bank of Queensland bank West, they have a 6%.
Gemma MitchellHOST
Um, so yeah, you can definitely have a little bit higher in cash.
Annabelle MurphyHOST
And it is a learning process.
Annabelle MurphyHOST
I mean, if I offer something I remember from working in a similar role at the University of Amsterdam, we worked with ING, which was obviously a big bank.
Annabelle MurphyHOST
And they the better their results were from these outcomes was when they really that the organization engaged very much with students and obviously ING has a lot of resources and they would have a team leader come in and work with a group of students that were working on ING's idea and the more that you know that this coach would come in and check in on the students and as you said Neo sort of mold their ambition to be able to give something that would fit into a bank's environment that wouldn't be completely exciting but unrealistic, the better the outcomes were.
Annabelle MurphyHOST
And every year they just iterated the process.
Annabelle MurphyHOST
So it was both from the organization internally, the university, but also the business side, in this case ING, the better result, the more fitting it became for for ING's environment.
Annabelle MurphyHOST
So again, that was just something at the top of my head I remembered.
Annabelle MurphyHOST
Very, very exciting.
Haley BicklehopCORRESPONDENT
Natural gas prices are up because of the fear of fighting increasing in the Middle East and a potential cold snap coming to Europe.
Haley BicklehopCORRESPONDENT
A commodity specialist at ING says that the chemical company Yara reported reductions in ammonia production in Europe because of these high prices, and it led the company's European gas consumption to fall more than 7% in Q3.
Chip FloryHOST
Yeah, and I mean, let's face it, Haley, one of the things that they're going to do here is probably slow down their fertilizer production leading up to winter and try to stockpile some of that natural gas so that it's available for home heating rather than using it for fertilizer production right now.
Chip FloryHOST
All right, Haley.
Sean FarringtonHOST
Are there issues there for you, for your kids, for your family, for your colleagues that you feel need to be tackled? I've got James Smith with us to get into this a bit more.
Sean FarringtonHOST
Economist that covers the UK for the investment bank ING and Helen Thornley, Technical Officer at the Association of Tax Technicians.
Sean FarringtonHOST
Good morning to you both.
Helen ThornleyGUEST
Good morning.
15 MINS LATER
Sean FarringtonHOST
85058, do keep your thoughts coming.
Sean FarringtonHOST
Plenty of time to reflect them across.
Sean FarringtonHOST
the station today big thanks to James Smith from ING the investment bank and Helen Thornley from the Association of Tax Technicians let us take a step away from the budget hopefully news to somebody who got in touch saying please can we get back to the stuff that adds value and educates us I don't know talking about brand Harry Kane is quite that but it is a step away from the budget as you were requesting a great achievement for Harry Kane winning that Ballon d'Or the first English footballer to do it for 25 years 61 goals for his Bayern Munich side last season not bad news either for the companies who sponsor the England captain Scott Moore is head of sport at Brand Finance Scott good morning good morning Sean so who is going to be looking to cash in on brand Kane what even is it
Scott MooreGUEST
Well, I think a lot of people are going to be looking to cash in.
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