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Zeus Packaging Group expands with KOEX Packaging purchase
Yahoo Finance· 2026-02-17 13:43
Zeus Packaging Group has acquired Spain-based KOEX Packaging Solutions, according to an announcement on social networking platform LinkedIn. Financial terms of the deal remain undisclosed. The combined entity will offer integrated packaging services with a wider geographic reach for customers in Europe and North America. This development comes as Zeus projects its group revenue to reach €600m ($710.4m) by 2026, supported by a workforce exceeding 1,500 employees worldwide. Premium and retail packaging ...
KBC slightly beats consensus with 1 billion euros quarterly profit
Reuters· 2026-02-12 06:16
KBC fourth quarter profit narrowly beats consensus | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]KBC Group logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration [Purchase Licensing Rights, opens new tab]- Companies- Summary- Proposed dividend of 5.1 euros per share for 2025- KBC sets new medium and long-term financial targets- NII grows 12% year-on-year to 1.61 billion eurosFeb 10 (Reuters) - KBC ...
ING to redeem two series of SEC registered Senior Notes and announces the intention to call Tier 2 notes on the reset date
Globenewswire· 2026-02-11 07:00
Core Viewpoint - ING has announced the redemption of two series of SEC registered Senior Notes and intends to call Tier 2 notes on their respective reset dates, indicating a strategic move in managing its debt obligations and capital structure [1][3]. Group 1: Callable Senior Notes - ING will redeem USD 400 million Callable Floating Rate Senior Notes and USD 1,100 million 1.726% Callable Fixed-to-Floating Rate Senior Notes on their contractual call date of 1 April 2026 [1]. - The redemption will be executed in full, with payment made on 1 April 2026, and accrued interest will be paid to holders of record as of 31 March 2026 [2]. Group 2: Tier 2 Notes - ING intends to redeem EUR 1,500 million 2.125% Fixed Rate Subordinated Tier 2 Notes on the next contractual reset date of 26 May 2026 [3]. - The European Central Bank has granted supervisory permission for this redemption, which will be conducted in accordance with the terms of the T2 Notes [4]. Group 3: Future Considerations - Future decisions regarding the exercise of calls on outstanding debt securities will be made based on economic factors, market conditions, regulatory approvals, and capital requirements [5].
Yen near 160, a record Nikkei 225, higher yields: What experts expect after Sanae Takaichi's landslide victory
CNBC· 2026-02-09 07:46
In this articleJP3Y-JPJP3M-JPJP20Y-JPJP2Y-JPJP15Y-JPJP10Y-JP.N225A screen displays Nikkei 225 Stock Average inside the Kabuto One building in Tokyo, Japan, on Monday, Feb. 9, 2026. Japanese stocks surged to fresh record highs, while bonds dropped, after Prime Minister Sanae Takaichi's Liberal Democratic Party secured a landslide victory. Photographer: Kiyoshi Ota/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesA yen nearing 160 to the dollar, record Japanese equities and higher Japanese govern ...
IRS tax refunds are expected to be huge. Here's when to expect yours
Yahoo Finance· 2026-02-06 17:08
Tax refunds are expected to be huge this year, so many Americans may want to know the fastest way to get their hands on theirs is by free, electronic direct deposit. Every year, tax refunds mark the biggest payday of the year for millions of Americans. Typically, 75% of Americans receive refunds each year. The average refund in 2025 was $2,939, IRS data showed. This year, refunds could be as much as 30% more due to new provisions from President Donald Trump's mega tax and spending bill, according to James ...
金银“暴力卸货”仅是仓位重置,“爆发式上涨”行情难再现
Xin Lang Cai Jing· 2026-02-05 06:42
热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 文章来源:金十数据 据ING商品战略分析师曼西(Ewa Manthey)称,尽管贵金属近期经历了十多年来最剧烈的回调之一, 但上周末金银市场的剧烈抛售不是趋势逆转的反映。 她表示:"虽然短期内波动可能持续,但我们将近期的波动视为由仓位驱动的重启,而非基本面的转折 点。" 曼西表示,此次贵金属的抛售在速度和幅度上都是史无前例的。她提到:"上周五,黄金经历了自2013 年以来最惨重的单日跌幅,而白银则创下了有记录以来的最大单日跌幅。" 她补充道:"此次抛售发生在一场非同寻常的、持续3个月的暴涨之后。期间金价从每盎司4000美元飙升 至5500美元以上,银价则从约50美元跳涨至接近120美元。这一走势在很大程度上是受投机性买盘浪潮 推动的,从散户交易者到转向大宗商品的大型股票基金,资金的持续流入将价格推向了极端水平,随后 便出现了上周的突然反转。" 曼西指出,特朗普宣布提名沃什(Kevin Warsh)为下一任美联储主席,是导致上周五行情反转的短期 催化剂。她写道:"沃什被视为立场最强硬的候选人,这促使美元大幅走高,并引发了此前博弈美元走 弱的投资者 ...
Update on management changes
Globenewswire· 2026-02-05 06:30
Management Changes - Ljiljana Čortan will be appointed head of ING Wholesale Banking, effective 24 February 2026, succeeding Andrew Bester [1][2] - Andrew Bester will step down from the Management Board Banking on the same date after completing the handover of Wholesale Banking activities [2] - The appointment of Ljiljana Čortan has been approved by the European Central Bank [4] Leadership Transition - Steven van Rijswijk, ING's CEO, expressed gratitude for Andrew Bester's contributions over the last five years, highlighting the strengthening of the wholesale bank's foundations [2] - Ljiljana Čortan will leave her position as chief risk officer (CRO) on 24 February 2026, with a selection process for a new CRO currently underway [2] - Until a new CRO is appointed, the chief financial officer will temporarily assume responsibility for risk management on the Executive Board [2] Risk Management - Andrea Cesaroni, currently head of Integrated Risk, will perform day-to-day risk management activities in the interim role of head of risk, reporting to the CFO [2][3] - Andrea Cesaroni has over 25 years of experience in financial services and risk management, having joined ING in July 2022 [3]
BBVA Joins Twelve European Banks Building Euro Stablecoin to Challenge Tether Dominance
Yahoo Finance· 2026-02-04 16:58
BBVA, Spain’s second-largest bank, joined the Qivalis consortium, bringing the European stablecoin project to twelve member banks. BBVA now sits alongside BNP Paribas, UniCredit, ING, CaixaBank, Raiffeisen Bank International, SEB, Danske Bank, KBC, Banca Sella, DekaBank, and DZ BANK in the Amsterdam-based venture. These institutions are building what they hope becomes a credible euro alternative to Tether and Circle‘s dominance. Those two US issuers control $256 billion in stablecoin market value, accord ...
ING posts FY2025 net result of €6,327 million, driven by continued growth in customer balances and fee income
Globenewswire· 2026-01-29 05:59
Core Insights - ING reported a full-year net result of €6,327 million for FY2025, driven by growth in customer balances and fee income [1] - The full-year profit before tax was €9,148 million, with a return on equity of 13.2% [1] - The fourth quarter profit before tax reached €2,095 million, marking an 18% increase year-on-year [1] Financial Performance - Total income for FY2025 was €23.0 billion, supported by a 15% rise in fee income to €4.6 billion and commercial net interest income of €15.3 billion [2] - Lending growth was significant, with €56.9 billion in total lending, more than double the previous year's amount [2] - Operating expenses remained stable year-on-year, reflecting cost discipline while investing in growth [1][6] Retail Banking Highlights - The mobile primary customer base increased by over 1 million to 15.4 million, contributing to a total customer base of nearly 41 million [3][5] - Lending in Retail Banking rose by €38.6 billion, primarily from €28.5 billion in mortgage growth and €6.6 billion in Business Banking [3] - Deposits increased by €30.1 billion, indicating strong customer trust [3] Wholesale Banking Highlights - Lending volumes in Wholesale Banking grew by €18.3 billion, driven by demand in corporate lending and Working Capital Solutions [4] - Deposits in Wholesale Banking increased by €8.0 billion, mainly in cash pooling and Financial Markets [4] - Fee income in Wholesale Banking rose by 9%, reflecting ongoing investment in expanding capabilities [4] Future Outlook - The company has a strong outlook for 2026 and has upgraded its outlook for 2027, with a return on tangible equity (ROTE) forecasted to exceed 14% for 2026 and 15% for 2027 [5][8] - The CET1 ratio stood at 13.1%, and a proposed final dividend of €0.736 per share was announced [5] - Sustainable volume mobilized reached €166 billion for the full year, a 28% increase year-on-year, highlighting the company's commitment to sustainability [7]
People: You’re fired! US agency rejig, new CROs at ING, StanChart, and more
Risk.net· 2026-01-29 04:30
Group 1: Changes in Regulatory Leadership - Michael Selig was sworn in as chairman of the Commodity Futures Trading Commission on December 22, replacing Caroline Pham after her three-year tenure [2] - Caroline Crenshaw, the SEC's sole remaining Democrat, and other key officials, including Cicely LaMothe and Nekia Hackworth Jones, departed from the SEC in December [5][6] - Joshua White returns as chief economist and director of the division of economic risk analysis at the SEC, replacing Robert Fisher [9] Group 2: Staff Reductions and Restructuring - The SEC announced a 15% headcount reduction under the Trump administration, alongside a shake-up of its enforcement and examinations division, with the CFTC experiencing similar staff reductions [11] Group 3: New Appointments in Financial Institutions - Jamie Gavin left Societe Generale to become an external consultant for the London Stock Exchange Group's SwapAgent platform [13] - Julieta Susara was hired as chief risk officer for the UK at ING, focusing on risk management and regulatory compliance [15] - Jason Forrester has been promoted to group chief risk officer at Standard Chartered, succeeding Sadia Ricke [17] Group 4: Executive Changes in Other Firms - Craig Robertson left Barclays for Carbon Point, a trading firm in Connecticut [19] - Kenneth Pregnell joined Citadel Securities in a senior risk management role, leading the risk team [21] - Tobias Paulun was appointed as the new CEO of the European Energy Exchange, taking over from Peter Reitz [28]