A bank is a business that borrows from its customers on current accounts repayable to its customer's cheques and collects cheques for its customers' accounts. Banks may also issue bank notes, and lend money to customers on currenct account(called overdraft), accept term deposits and make term loans and provide other financial services. Banks that issue notes are called Banks of Issue.

Currently in most jurisdictions the business of banking is regulated and banks require a licence. Banking licenses are granted by bank regulatory authorities and provide rights to conduct the most fundamental banking services such as accepting deposits and making loans. There are also financial institutions that provide certain banking services without meeting the legal definition of a bank, a so called non-banking financial company.

Banks have a long history, and have influenced economies and politics for centuries.

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ING Latest Press Releases

03/11/09 - ING agrees to sell three of its U.S. broker-dealers to Lightyear
Tue, 03 Nov 2009 08:04:00 +0100
ING announced today that it has reached an agreement to sell three of its U.S. independent retail broker-dealer units, which comprise three-quarters of ING Advisors Network, to Lightyear Capital LLC.
26/10/09 - ING to launch rights issue to repay half of State capital injection
Mon, 26 Oct 2009 07:00:00 +0100
ING announced today that it has reached an agreement with the Dutch State to alter the repayment terms of the Core Tier 1 securities issued in November 2008, in order to facilitate early repayment.
26/10/09 - ING to separate banking and insurance operations
Mon, 26 Oct 2009 07:00:00 +0100
ING announced today that it will move towards a complete separation of its banking and insurance operations as part of its ongoing review of the Group's strategy and as a logical next step in its Back to Basics programme
26/10/09 - ING to revise Management Boards in line with strategic direction
Mon, 26 Oct 2009 07:00:00 +0100
ING announced today that it will move towards a separation of its banking and insurance operations, clarifying the strategic direction for the bank and the insurance company going forward.
26/10/09 - ING announces preliminary third quarter 2009 results
Mon, 26 Oct 2009 07:00:00 +0100
ING announced that in connection with other announcements made today, it releases a limited set of preliminary and unaudited figures for the third quarter of 2009.
16/10/09 - ING to transfer its U.S. reinsurance business to RGA Inc.
Fri, 16 Oct 2009 08:30:00 +0200
ING announced today that it has reached an agreement to transfer its U.S. group reinsurance business, ING Reinsurance U.S., to Reinsurance Group of America, Inc. Terms of the agreement were not disclosed. RGA is a U.S.-based global provider of life reinsurance.

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