11.03.2011

ING takes Greek bond hit

ING to cut 2,700 jobs, takes Greek bond hit

Excerpt:

ING took a 467 million-euro pre-tax writedown on Greek government bonds in its third-quarter results and said it had now written down all of its bonds to market value and reduced exposure to "peripheral" euro zone bonds by more than 5 billion euros.

Comment: Earlier this week it was MF Global

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