Description: Dutch bancassurer ING will split in two, transforming itself into a smaller European lender in the most striking example yet of the deep changes that EU policymakers want to force on banks that received state aid.
Questions for discussion:
- Summarize the financial structural changes coming to ING.
- Do you think the bank was responsible for its own financial weakness or was it simply another victim of the credit crunch? Explain your answer.
- Has the treatment of U.S. banks by regulatory authorities been similar or different?
- How has ING stock performed recently?