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ING reports 19 pct drop in 1Q on insurance earns

AMSTERDAM, Netherlands (AP) - ING Groep NV reported a 19 percent decline in first-quarter profits Wednesday and wrote down the value of its U.S. mortgage-related investments by $5.6 billion. The write-downs were not booked as a loss because the Dutch bank and insurance company plans to hold on to... [read full story]                    

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