DAILY LETTERS: ING & # 39; s chief finance officer is forced to stop laundering scandal

The Dutch financier ING & # 39; s chief financial officer is forced to quit

DAILY LETTERS: ING & # 39; s chief finance officer is forced to stop laundering scandal

City & Finance Reporter for the Daily Mail

The Dutch financier ING & # 39; s chief financial officer is forced to quit

The Dutch financier ING & # 39; s chief financial officer is forced to quit

BANKSCHANDAL The Dutch financier ING & # 39; s chief financial officer has been forced to quit due to a money laundering scandal.

Koos Timmermans says goodbye after the Dutch lender has agreed to pay a £ 689million fine to the Dutch prosecutors.

The shortcomings came to light after the researchers investigated four illegal companies that had accounts with the bank.

In one case, a lingerie company in Curaçao handled £ 133 million in dirty money. Hans Wijers, chairman of ING, said: "We deeply regret the shortcomings. & # 39;

PART OFFER Wealth manager and trading platform AJ Bell has promised to drop some shares for 182,000 retail investors in the upcoming listing.

PIZZA WINS The profit at DP Eurasia, which manages Domino's Pizza in Turkey and Russia, rose 8 percent in the first half of 2018 to £ 4.8 million.

BUT ABOVE Meat packaging and slaughterhouse company Hilton Food Group posted 13.9 percent profit increase to £ 21 million in the 28 weeks to 15 July, when sales grew 25 percent to £ 863.6 million.

ISRAEL TIE-UP British and Israeli financial lobby groups The City UK and City TLV have agreed to deepen their ties with technology and cybersecurity.

FLOAT COSTS Retail investors who want to support the core of online funder Funding Circle must each buy at least £ 1,000, unveiling the company in documents that carry about £ 1.5 billion for the next month.

LEGAL HELP Wealthy investors have raised £ 9 million for the Therium process finance company, which offers companies and private individuals the money to file legal claims.

REMOVAL OF FUNDS Small-business health insurer Equipsme raised £ 2.5 million from investors to expand.

DISCOUNT Elementis, specialized in special chemicals, has signed a deal to buy Mondo Minerals from private equity firm Advent for £ 384 million – £ 77 million less than initially agreed upon after criticism from shareholders.

PENSION VIENNA UK pension plans have a black hole of £ 65.3 billion, up from a deficit of £ 62.8 billion in July, according to the latest update from the Pension Protection Fund.

DIAMOND DAYS Miner Anglo-American sold £ 390 million in diamonds in the seventh cycle of 2018.

GREEN DEAL The Irish renewable energy company Greencoat Renewables buys four wind farms in Ireland for £ 120 million from forestry company Coillte.

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