ING to spin off insurance unit

ING Group NV has decided to split its insurance and banking operations and eventually divest the insurance operations, the company announced Monday.

The changes mean uncertainty for the company’s Des Moines operations, home of ING USA Annuity and Life Insurance Co. The Dutch financial services company employs approximately 1,100 people in the metro area...

Des Moines Register: ING to spin off insurance unit
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