CTV News Channel
Dutch banking group ING said Monday that it is slashing 7,000 jobs in Belgium and the Netherlands as the company focuses on online services in the face of growing competition.
ING Direct is changing its name to Tangerine. The online bank, a subsidiary of Scotiabank (TSX:BNS), said Tuesday the name change will come into effect in the spring of 2014.
ING Groep NV says it is "reviewing" its Internet banking arms in Canada and Britain as prelude to a possible sale.