ING Launches Buyback, Plans 400 Job Cuts
ING launched a buyback program and set out plans to restructure its wholesale banking unit and make 400 redundancies. The buyback was larger than analysts expected.
By Michael HennesseyING Groep launched a buyback program of 1.65 billion euros, equivalent to $1.84 billion, as it set out plans to restructure its wholesale banking unit and make 400 redundancies.The Dutch bank's share buyback program was larger than the 1.25 billion-euro plan analysts expected. I…