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  • Equifax agrees to pay up to $700 million for data breach

    Equifax, one of the nation’s top three credit reporting agencies, agreed to pay up to $700 million to settle federal and state investigations into the 2017 hack that exposed Social Security numbers and other personal data of almost half the population of the U.S. "Equifax failed to take basic steps that may have prevented the breach," FTC Chairman Joe Simons said. Click the headline to read more.

Items Tagged with 'ING Groep NV'

ARTICLES

  • 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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  • Mortgage Losses Stuck on Some Balance Sheets: Report

    Some market participants are playing a high-stakes game of poker with their mortgage-related losses, choosing to keep losses on their balance sheet rather than recognizing losses on an income statement, a report at Bloomberg News claimed on Monday. The report alleges that banks and securities firms are "failing" to acknowledge at least $35 billion in losses on their balance sheets, an amount equal to 25.4 percent of the $139 billion in write-downs that have already hit earnings.
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