ING launches €1.65bn buyback, flags 400 job cuts and wholesale banking restructuring

ING Group launched a €1.65 billion share buyback, exceeding analyst expectations of €1.25 billion, and plans to distribute an additional €250 million in cash to shareholders in January. The bank is restructuring its wholesale banking division—to be renamed corporate and institutional banking—leading to approximately 400 redundancies, alongside Q3 2026 results.

Detected & updated continuously · Source: Nebula