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Items Tagged with 'ING'

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At long last: ING completes exit from disastrous US business ventures

Completes divestment of Voya Financial
With the sale of 45.6 million shares of Voya Financial, ING Group announced Wednesday that its exit from the U.S. retirement, investment and insurance business is complete. ING agreed to divest itself from Voya at the direction of the European Commission, as part of its bailout of ING.
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ING mortgage bonds flood market

Pre-announced liquidation absorbed by Wall Street
According to structured finance analytics firm Interactive Data, the announced liquidation of $5.1 billion from the ING Illiquid Assets Back-up Facility spiked activity levels higher yesterday in the mortgage-bond market.
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