ING to make further cuts

ING is planning to make further cuts within its investment banking operations outside the Netherlands and Belgium, according to press reports. The move will also see the bank reduce the number of products it offers and step-down its client coverage in non-home markets, in an effort to increase returns within its core markets. ING will only consider large international transactions outside its core markets, although in the Netherlands, Belgium, Germany and Poland it will continue to serve medium-sized companies.

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