ING in trouble?

the Dutch minister of finance yesterday came out with a statement that the government is thinking about forming an emergency law where shareholders could get wiped out at low cost for the country if national security is at stake.

Hint Hint Hint

 

thank you Debaser for that information.

For me, the stock is sticking out like a very sore thumb this morning.

While everyone else is focused on GE this morning, ING is noticeably down 15 plus percent, well below the 3.63 USD low from Tuesday.

 

http://markets.ft.com/tearsheets/performance.asp?s=INGA:AEX

at share price of 2.52 EUR (intraday low)

2.06 shares outstanding

2.52 * 2.06 = 5.19 billion EUR market cap

roughly 5.19 * 1.2550 = 6.51 billion USD market cap

 

m22au, any idea on the deposit base of ING in the US?

Thanks.

 

Also I see that Aegon is down about 14% in New York this morning

 

Debaser,

I am from Australia. Like many other western countries, ING operates the "ING Direct" business here.

http://en.wikipedia.org/wiki/ING_Group#ING_Direct

You might find some deposit base information in the above Wikipedia article. Alternatively they might have something on the ING web site?