ING May Sell $2.2B of Asia Units to Richard Li

ING Groep NV, under European Union orders to divest assets, is near an agreement to sell its Hong Kong and Thailand insurance businesses for about $2.2 billion to Richard Li, son of Asia’s richest man, said three people with knowledge of the matter.
Commerzbank Costs Partly Boosted by Regulation: Engels
08:56 - Commerzbank AG costs have been boosted by a combination of currency effects, regulatory demands and investment in digitalization, according to Chief Financial Officer Stephan Engels. He spoke in an interview with Francine Lacqua on Bloomberg Television's "The Pulse" as after Commerzbank said profit more than doubled on higher earnings at its consumer and corporate clients divisions. (Source: Bloomberg)
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