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Thema: Business- und Bankenglisch

In diesem Thema sind folgende Beiträge:

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01. Mai 2008   

ING Group announced today that it has reached an agreement to acquire CitiStreet LLC, one of the premier retirement plan and benefit service and administration organizations in the US defined contribution marketplace. CitiStreet is jointly owned by Citigroup, Inc. and State Street Corporation. The combined operations will make ING the third-largest defined contribution business in the US based on assets under management (AUM) and assets under administration (AUA) with EUR 224 billion in AUM and AUA (US $351 billion), and the second largest based on plan participants, with more than 14 million plan participants.

Michel Tilmant, Chairman of the Executive Board of ING Group said, "This acquisition is consistent with ING's focused strategy to support the strong organic growth of the Group with suitable add-on acquisitions aligned with its core banking, investments, life insurance and retirement services growth businesses."

Under the terms of the agreement, ING will acquire 100 percent of CitiStreet for a total consideration of EUR 578 million (US $900 million). The deal will be financed entirely from existing internal resources. The proposed purchase will have no impact on ING's ongoing share buy-back program.

Tom McInerney, ING Executive Board member and CEO for ING Insurance Americas said, "This acquisition significantly expands our existing footprint in our retirement services businesses in the US and will help drive long-term growth in the US retirement savings marketplace. CitiStreet's impressive scale and exceptional reputation in the mid- and large-corporate markets, complements ING's focus on the small- and mid-corporate, government, and education markets.

Verfasst von  A.Schuetz

    weiterlesen... 'ING to Acquire CitiStreet for EUR 578 million (US $900 million)'

18. Apr 2008   

New York -- Citigroup Inc. today reported a net loss for the 2008 first quarter of $5.1 billion, or $1.02 per share, based on 5,086 million shares outstanding. Results include $6.0 billion in pre-tax write-downs and credit costs on sub-prime related direct exposures. Results also include write-downs of $3.1 billion (net of underwriting fees) on funded and unfunded highly leveraged finance commitments, a downward credit value adjustment of $1.5 billion related to exposure to monoline insurers, write-downs of $1.5 billion on auction rate securities inventory, and a $3.1 billion increase in credit costs in global consumer.

First Quarter Highlights:

Verfasst von  A.Schuetz

    weiterlesen... 'Citi Reports First Quarter Net Loss of 5.1 Billion, Loss Per Share of $1.02'

19. Mar 2008   

BNP Paribas, one of the largest international banking groups, has started
its corporate, SME and retail operations in Moscow. Philippe Delpal has
been appointed Global Head of Retail Banking and Consumer Finance in

BNP Paribas has been operating in Russia for over thirty years and now
offers a wide range of banking services to individuals, small and medium
enterprises and corporate clients.
In February 2008, as a part of its global strategy to expand organically on

Verfasst von  A.Schuetz

    weiterlesen... 'BNP Paribas starts retail banking operations in Russia'

17. Mar 2008   

ING announced today that it has appointed Dorothy Hillenius as Head of ING Group Investor Relations. Dorothy Hillenius will succeed Jonathan Atack, who will take up a new role as Chief Financial and Risk Officer at ING Investment Management Europe as of 17 March 2008.

Michel Tilmant, Chairman of ING Group said: "Jonathan Atack has contributed significantly to the upgrading of the quality of our investor relations function over the last four years. I would like to thank him for his accomplishments in improving ING's financial disclosure and in building a stronger relationship with analysts, investors and rating agencies. I wish him success in his new role at ING Investment Management Europe."

Dorothy Hillenius (37) first

Verfasst von  A.Schuetz

    weiterlesen... 'ING appoints Dorothy Hillenius as Head of Investor Relations'

18. Feb 2008   

Despite a highly unfavourable environment in the second half of the year,
the Group achieved in 2007 the best performance of its history with
revenues totalling 31,037 million euros, up 11.1% compared to 2006 and net
income group share of 7,822 million euros, up 7.0% compared to 2006.

This performance reflects the Group's powerful organic growth, as well as a
limited impact of the crisis on revenues and provisions. Beyond the
substantial capital gains generated by BNP Paribas Capital in 2007, the
robustness of BNP Paribas' business

Verfasst von  A.Schuetz

    weiterlesen... 'Record results in 2007'

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