The majority of data and analysis at Financial Services Briefing is available only to subscribers. Each week, a small share of content from the service is made available to non-subscribers.
Executives at Dutch financial group ING are in two minds. On purpose. As a condition of its €10bn state bailout, ING must shed its insurance unit by the end of 2013, returning the group to its banking roots. Thus, the group is in the process of splitting itself in two, making for an unusually disjointed feel to its recent earnings announcements.
ING’s second-quarter results, published on August 11th, highlighted the company’s mixed fortunes. The group’s banking business is recovering smartly. It is a different story at its insurance arm.
Read more at Financial Services Briefing: “Split personality” (August 12th)