In April, our Insurance operations in the U.S. completed a USD $5 billion unsecured credit facility, completely standalone. So on their own credit strengths, without support from the ING Group. It's a very important step to independence for our U.S. Insurance operations. And in March, we had a favorable court ruling on our appeal against the European Commission. And we have started discussions with the Dutch State, and together, we will soon start discussions with the European Commission. I must say, though, that we are committed and remain committed to the decision to separate Bank and Insurance, and that we continue to make progress as we prepare Insurance and Investment in the U.S. and Europe for standalone activities.Read the rest of this transcript for free on seekingalpha.com
ING Groep NV's CEO Discusses Q1 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.