Macro Finance
ING Announces Job Cuts as Quarterly Profit Misses Estimates
Bloomberg Markets·October 29, 2026·1 min read
ING Groep NV missed third-quarter profit estimates after costs rose and it set aside more money for souring loans. The Dutch lender will cut about 400 staff to refocus its wholesale banking business. Shares fell as investors weighed the impact of higher provisions and the restructuring charges on future earnings.
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