Oct 19
LONDON/AMSTERDAM (Reuters) - Dutch financial group ING is in talks with the Dutch government about a state-backed cash injection estimated to be worth up to 9 billion euros ($12.12 billion), the Sunday Times reported.
The Netherlands’ biggest listed bank, which said on Friday that it was about to announce its first-ever quarterly loss, is expected to announce a deal in the next 24 hours, the paper reported.
ING’s Chief Executive Michel Tilmant was in talks with the Dutch central bank all day yesterday negotiating a deal, the Sunday Times said.
