Discord seen within ING on strategy

Article Abstract:

ING Groep NV is generating conflict at its ING Barings division brought about by its attempts to enhance its corporate-finance operations in Europe. ING Barings' former CEO, Arjun Mathrani, who resigned recently, stated that he stepped down from his position due to major differences with ING Groep regarding management issues on the formation of investment-banking operations in Western Europe. The conflict started when ING Groep decided to consolidate the skills of its newly-purchased Banque Bruxelles and ING Barings, which is ING Groep's investment-banking subsidiary in London, UK.

Comment:

Is generating conflict at its ING Barings unit brought about by attempts to enhance its corporate-finance operations in Europe

Investment Banking and Securities Dealing, Investment Banking, Investment banks, ING Groep N.V., Article

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Paris and Alstom near an accord on bailout plan

Article Abstract:

The European Commission is close to reaching a compromise with the French government over the latter's rescue plan for Alstom S.A. Both sides engaged in brinkmanship that nearly forced Alstom to declare bankruptcy.

Government expenditures, France, ENGINEERING & MANAGEMENT SERVICES, Engineering for Plastic, Rubber Prodcts, Finance, Plastic products, Alstom S.A., European Union. European Commission, Rubber products, Company business planning, Government finance, Product engineering

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Internatio-Muller, Stork call off their merger talks

Article Abstract:

Internatio-Muller NV and Stork NV have terminated their merger negotiations. The two Holland-based engineering companies attributed the termination of the talks to the complexity of proposed divestments.

Internatio Muller N.V., Stork N.V.

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