ING Groep reports 19 percent fall in 1st quarter net profit

ING Groep NV reported a 19 percent fall in first quarter earnings on Wednesday, citing falling valuations of stocks, bonds and real estate. ING also wrote down the market value of some of its U.S. mortgage-related investments by €3.6 billion (US$5.6 billion) on its balance sheet, but didn't book... [read full story]                    

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