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- Let me get this straight - a social monarchy takes tax-payer money, billions of it, and invest in ING for the betterment of it's people, the society; yet ING Bank, after taking even more billions from the Dutch government, now will lay off some

ING CEO quits after 4Q loss, new state aid

AP - Bank and insurer ING Group NV said Monday it will book a large fourth quarter loss, cut 7,000 jobs and change its CEO. It also said the Dutch government will assume the risk for most of euro27.7 billion ($35.8 billion) in troubled U.S. mortgage-backed securities ING owns.

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