Banking

ING reports $2.5 bln pretax profit, plans dividends and buybacks

ING Groep NV (INGA.AS) on Friday reported a better-than-expected quarterly pretax profit of 2.07 billion euros ($2.45 billion) and said it plans to resume paying dividends as it reversed some provisions for bad loans taken amid the coronavirus pandemic.

Italy’s Treasury under siege over Monte dei Paschi deal

Italy’s Treasury is under fire from ruling parties seeking guarantees for Monte dei Paschi’s employees and Siena’s local economy, after the ministry entered exclusive talks to sell the ailing Tuscan bank to UniCredit.

Credit Suisse settles spying case with former star banker

Credit Suisse (CSGN.S) has reached an out-of-court settlement with former star banker Iqbal Khan over allegations of spying that led to the resignation of the Chief Executive Tidjane Thiam, a spokesperson for the Swiss bank said on Sunday.

ING reports $2.5 bln pretax profit, plans dividends and buybacks

ING Groep NV (INGA.AS) on Friday reported a better-than-expected quarterly pretax profit of 2.07 billion euros ($2.45 billion) and said it plans to resume paying dividends as it reversed some provisions for bad loans taken amid the coronavirus pandemic.

Italy’s Treasury under siege over Monte dei Paschi deal

Italy’s Treasury is under fire from ruling parties seeking guarantees for Monte dei Paschi’s employees and Siena’s local economy, after the ministry entered exclusive talks to sell the ailing Tuscan bank to UniCredit.

Credit Suisse settles spying case with former star banker

Credit Suisse (CSGN.S) has reached an out-of-court settlement with former star banker Iqbal Khan over allegations of spying that led to the resignation of the Chief Executive Tidjane Thiam, a spokesperson for the Swiss bank said on Sunday.

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