ING Group News

KUALA LUMPUR: ING Funds Bhd says most of its 23 funds performed well this year, with one paying out as much as 30 per cent returns a year despite the sluggish economic climate.

The FSB of the G-20 has created a list of 24 banks and 6 insurance companies that pose significant risk to world financial systems and require special oversight.

Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses and share prices are as of 8 a.m. in New York.

ANZ National Bank now has full ownership of ING NZ. In September ANZ announced it would be acquiring ING Group 's 51 percent shareholding in ING New Zealand and ING Australia on top of the 49 percent it already owned.

To survive the global financial turmoil, Netherlands-based financial services group ING Groep NV moved towards a complete separation of its banking and insurance operations in October, the China Business Journal reported.

ING may wish it chose a different day to raise cash as the Dutch banka s $11.2 billion rights issue came in at a 52% discount Friday amid a plunge in global markets sparked by Dubaia s debt crisis.

Dutch Financial Company ING Group NV will issue new shares at EUR4.24 each to raise EUR7.5 billion to repay part of the state aid it received last year from he Dutch State.

Among the shares expected to see active trading in Friday's session are AIG, Incyte, ING, Tiffany and Toyota.

The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE: MGM Mirage, down 45 cents to $10.56 The casino operator's joint venture partner Dubai requested a debt payment delay.

With ING forced to divest its insurance operations, the long-term viability of the bancassurance model has come under question.

ISSUE OF 1,768,412,544 SHARES FOR EUR 4.24 PER SHARE - Issue price represents a 37.3% discount to the Theoretical Ex- Rights Price -BDR subscription and trading periods run from 30 November 2009 until 15 December 2009 -ADS subscription period runs from 30 November 2009 until 11 December 2009 -Rights issue fully underwritten by syndicate of banks ...

European shares fell sharply on Thursday, with banks leading a broad retreat for the region amid uncertainty about exposure to Dubai debt.

ING won shareholder approval for the breakup of the Dutch bank and insurance group and a 7.5 billion rights issue on Wednesday, paving the way for it to pay back state support.

A.M. Best and Fitch Ratings announced ratings updates. The following are some of the most recent: The Allstate Corp.

Newark-based Prudential Financial Inc., the second-largest U.S. life insurer, may bid on units that ING Groep NV is selling after its bailout by the Dutch government, an analyst at Wells Fargo & Co.

A virus has been detected and can only attack iPhones whose users have disabled some pre-installed security features, according to analysts monitoring the progress of the virus, known as the Duh Worm.

Eric Reguly Published on Thursday, Nov. 19, 2009 12:00AM EST Last updated on Thursday, Nov.

There has been plenty of publicity about the rise and rise of the gold price a ' albeit in US dollar terms, rather than the local currency a ' but platinum has also been performing very well of late.

U.S. sales of fixed annuities were an estimated $21.9 billion in third quarter 2009 according to new data from the Beacon Research Fixed Annuity Premium Study.

Qatar's bonds rose after the largest-ever sale of debt by an emerging-market government received $28 billion of orders, four times the amount issued.