Breaking News: Ing

Coolfonz

who knows? why give a re-start time? i have no idea. I have money in ING but under the £77k/€100k limit but i like the way so many people know, rather than are speculating, on what is happening...

JayTee99_2

Guys, don't panic,

they're not going bust!!

this is from their corporate website, a press release from today..

http://www.ing.com/group/pressdoc.jsp?docid=346459_EN

it's quite likely they put the shutters down to stop a run, until things quiten down, to give the markets time to respond in the morning..

Joe65_2

Let's hope the Chancellors watching this thread. Come on Alastair , get in there and sort them out.

loveday

As Davesnave said above, the Kaupthing Edge website is working fine -- presumably if they really wanted to stop people panic withdrawing they'd have shut that down as well... Famous last words :rolleyes:?

justaquickie

Quote:
Originally Posted by justaquickie
The BBC have already referred to is as "The ING rescue deal" in their article. How responsible is that?!

cwcw wrote: »

If the bank would collapse without the loan, then it's very responsible indeed, since it's the truth.

I see the Beeb have now removed "rescue" from their article. I'm getting seriously hacked off with too many lazy column-fillers making tomorrow's news instead of reporting todays in a responsible manner. There's truth and style. Bad style alone can cause a stampede. Sound institutions and peoples' lives can be wrecked in our soundbite culture simply by someone using emotive and unnecessary language. Don't.

Joe65_2

cwcw wrote: »

http://news.bbc.co.uk/1/hi/business/7679021.stm


Dutch banking and insurance company ING is to receive a cash injection from the government of the Netherlands.
The move follows a weekend of meetings with Dutch finance officials, after ING revealed it expects to make a 500m euro ($670bn) loss for the third quarter.
Details of the deal would be released later on Sunday, officials said. ......

Funny time to be announcing it though, if it's not a panic measure

JayTee99_2

Joe65 wrote: »

Funny time to be announcing it though, if it's not a panic measure

ING's poor results have only just been announced. Clearly there is prompt action in coordination with the Dutch govt to reassure people.

As you can see, people are very, very, nervous these days..

donnykebab

Davesnave wrote: »

Post clashed with someone else's, so I've deleted the overlap.

As for Kaupthing customers, the site was working fine ten minutes ago, and I took a withdrawal all the way to confirmation, when I aborted it.

so try it all the way see what happens........... fa when i try

Money_Grabber13579

cwcw wrote: »

So a technical excuse is provided but I think we all know it's to stop a run happening.

I think your maybe the only one that knows that?

I've got a very little feeling that the reason the website is down is because they might be upating the systems? I wonder why I would think that now?

If this had happened 2 years ago, nobody would have fussed. Now, everybody is scrambling over each other to get their money. Why is that? It's because there is mass irresponsible reportinf of the "facts" and scaremongering that these things happen. If it doesn't stop, I don't know where we'll end up. So stop the "blowing the facts out of all proportion x 100" strategy, and we might just get back to normal!

qamwc1

The Gordon Brown plan is to capitalise the banks to withstand the current problems. The other governments have bought into that plan. The plan is bad news for shareholders as it dilutes their shareholdings and dividends dry up - hence the fall in the share price. It's good news for other stakeholders (including savers).