ING nosedives on capital hike, break up plans
ING shares have lost a quarter of their value since the bank revealed its rights issue and break up plans on Monday. But the global coordinators of the capital increase, Goldman Sachs and JPMorgan, are confident of the deal, with demand for sub-underwriting said to be strong. Around 13 banks will join the junior syndicate this week. Read EuroWeek on Friday to find out who.
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