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ING Focusing On Core Banking Operations, Sheds Jobs, Boosts Tech Investments

A big bank in the Netherlands, one that received a bailout in 2008, is dismantling its far flung and complex operations to focus on core banking and lending operations. The bank is also shedding 1,700 human jobs and at the same time investing €320 ($248) million to improve human-less banking technology.
ING Groep announces job cuts
The one-time expansive Dutch financial services company, ING Groep NV (ADR) (NYSE:ING), announced Tuesday it would cut jobs in back office, call centers and . . .

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