ING loses high yield banker to another firm

Jasper Cox

June 07, 2019 03:30 pm

ING2_PA_230x150 — Illustration of ING Bank, pictured in Rotterdam, the Netherlands, on October 03, 2016. Dutch banking group ING has announced plans to slash 7,000 jobs in Belgium and the Netherlands as the company focuses on online services in the face of growing competition. The investment will help to expand services in Germany and to reach markets in Austria, the Czech Republic, France, Italy and Spain. In contrast, about 1,250 ING and Record Bank agencies in Belgium are to close. Belgium has been rocked by a series of cutbacks and closures, notably the decision last month by US heavy equipment maker Caterpillar to close shut a plant with the loss of more than 2,000 jobs. In a Twitter message, Belgian Prime Minister Charles Michel offered "all my support to ING workers". He added: "The bank must assume all of its responsibilities. I am meeting the trade unions this afternoon." Photo by Robin Utrecht/ABACAPRESS.COM | Utrecht Robin/ABACAPRESS.COM/ABACA/PA Images

Iva Horcicova has resigned from ING and will join another financial institution.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request demo or Login

✔ 4,000 annual insights
✔ 700+ notes and long-form analyses
✔ 4 capital markets databases
✔ Daily newsletters across markets and asset classes
✔ 2 weekly podcasts

Topics

Loans and High Yield LevFin High Yield Bonds LevFin LevFin People and Markets Europe EMEA People and Markets People News ING

JC

Jasper Cox