ING Group News

KB Financial Group Inc. , Korea Life Insurance Co. are among the firms shortlisted to acquire parts of ING Groep N.V.'s Asian life insurance business, Yonhap Infomax reported Thursday, citing unnamed industry sources.

A giant poster hides construction work taking place on the Belgium headquarters of ING Groep NV's building in Brussels.

Richard Li, son of Hong Kong's richest man, is a prospective bidder for ING Groep NV's Asia life-insurance unit, the Wall Street Journal reported, citing unidentified people familiar with the situation.

Colombian investment fund GrupoSura sees ample opportunity for corporate acquisitions from the global financial crisis and would consider snapping up the Latin American assets of Spain's second-largest bank BBVA if regulations allowed, its chief executive said.

The Bank of Nova Scotia , together with its subsidiaries, offers various personal, commercial, corporate, and investment banking services in Canada and internationally.

An employee passes electronic screens showing stock price movements inside the Athens Stock Exchange in Athens.

The following financial services industry appointment was announced on Thursday.

The events in Europe have punished the ADR shares of the Netherlands based ING Group which traded for US$5.94 a share as of 21st May 2012, down 52% from their 52 week high of US$12.68. There is no doubt that the European Banking system will need to strengthen its capital position and the issue of whether the Euro will survive is an open question.

Separately, analysts at Citigroup upgraded shares of J Sainsbury plc from a "sell" rating to a "neutral" rating in a research note to investors on Thursday, May 10th.

South Korean bank holding firm KB Financial Group has submitted a bid for ING Groep NV's South Korean life insurance business, KB Chairman and Chief Executive Officer Euh Yoon-dae said on Tuesday.

Manulife Financial Corp and Metlife are among the companies that have submitted first round bids for ING's entire Asia life insurance business, sources said on Saturday, in what could be the largest Asia M&A insurance deal ever.

A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a hot deal handled by Wall Street.

Carlyle could execute a lucrative departure from the Taiwanese Ta Chong Bank, if it and other major investors can divest Ta Chong to Yuanta Financial for T$37 billion , as is expected.

Global insurers Manulife Financial Corp, Metlife and Prudential Financial Corp are among suitors expected to place first-round bids on Friday to buy ING Groep's Asia life insurance unit in a deal worth about $6.5 billion to $7 billion, sources familiar with the matter said.

Some of the world's biggest insurers are expected to make offers for ING Groep NV's Asian life-insurance arm by Friday, in an auction that could give the winner a footprint in some of the fastest-growing insurance markets globally.

Royal Bank of Canada and Credit Suisse are among suitors who have put in initial bids to buy the non-U.S. wealth management business of Bank of America in a deal that could be worth about $2 billion, so ur ces said.

ING's Asian asset management division is reported to have a list of suitors, that include Macquarie Group , Principal Financial Group and Singapore's United Overseas Bank , for a potential transaction that could be worth between $500 million and $600 million.

Baidu Inc. is introducing a low-cost smartphone that runs the company's latest mobile operating software, according to a Wall Street Journal report.

Global bank stocks fell Monday as investors panicked that a weekend electoral impasse in Greece may augur the nation's departure from the 17-member euro zone.

ING Groep NV fell in Dutch trading as European regulators started a new probe into its restructuring plan and appealed a court ruling that overturned some of the conditions imposed on the bank and insurer's rescue.