The Dutch government, through its $13 billion capital injection in ING, will acquire a class of securities that do not include voting rights and are not dilutive for shareholders but do count toward the banking and insurance group's Tier 1 capital level. The move was made as ING's share price tumbled and news spread that the company would suffer its first quarterly loss. ING's executive board will not receive bonuses this year, and the group will scrap its dividend for the final quarter of the year.
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