ING profit tumbles, missing forecasts

2020-02-06

ING Groep NV on Thursday reported a significant fall in net profit for the fourth quarter of 2019, reflecting increases in risk costs, expenses and effective tax rate. The Dutch bank ING, +1.89%  made a net profit of 880 million euros ($972.4 million) for the three months ended Dec. 31Read More →

UBS cuts mid-term guidance after missing 2019 targets

2020-01-20

UBS Group AG has cut its mid-term guidance after missing its key targets for 2019. The results come as the Swiss bank UBS, -0.45% UBSG, +0.55%  , one of the world’s largest wealth managers for rich clients, is revamping its investment bank and wealth management arms, shedding jobs and reorganizingRead More →