ING Sells Insurance Unit to Prudential
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ING Group NV will sell its Atlanta-based life insurance business to Britain&#39;s Prudential PLC in a $256.8 million deal designed to realign the Dutch financial services giant&#39;s international operations.
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UK general insurer Royal & Sun Alliance   Insurance Group Plc RSA.L said on Thursday it was selling its   U.S. arm to Arrowpoint Capital, providing the company with a   long-awaited exit from its U.S. unit.
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ING, the Dutch bank which bought Baring in 1995 for Â£1 after rogue trader Nick Leeson ran up losses of more than Â£800m, ending its use of the Baring name.
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Dutch insurer ING NV said Monday it will pay Scottish Re Group Ltd. euro450 million (US$562 million) to take over ING&#39;s individual life reinsurance business in the United States.
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A subsidiary of insurance giant Prudential Financial Inc. agreed yesterday to pay $600 million in fines and restitution to avoid being prosecuted on charges that it helped favored customers make improper mutual fund trades.
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US banking giant Citigroup sells its Travelers Life & Annuity insurance arm to Metlife for $11.5bn.
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Egg, the Internet bank majority-owned by British insurer Prudential, said it had finalised a deal to sell its French savings and online broking business to Dutch financial services group ING.
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Prudential Financial Inc. , the second-largest US life insurer, will shut its 420-person stock research and trading unit, one of the last traces of its failed attempt to become a financial supermarket.
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General Electric Co.  has decided to sell its WMC Mortgage subprime lending business, the lender told employees in a memo on Thursday.
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Morgan Stanley's  real estate unit agreed to buy Australia's Investa Properties Ltd.  for A$4.7 billion ($3.9 billion) on Thursday, the nation's third-largest property trust takeover.
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Dutch financial services group ING   took a lower than expected impairment charge of 194  million euros ($286 million) on its riskier investments in its  fourth-quarter results on Wednesday, while a stake sale helped  offset the loss.
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ING Canada Inc., a unit of Dutch bank and insurance group ING Groep NV, on Friday said it has filed a prospectus for an initial public offering of its common shares in Canada.
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Wyndham International Inc. on Thursday said it agreed to sell six Summerfield Suites hotels and a stake in the Summerfield brand to a unit of Lehman Brothers Holdings Inc.
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Dutch bank ING, which paid Â£1 for Baring, the British investment bank brought to the brink by Nick Leeson, is to sell its remaining Baring division.
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UK general insurer Royal & Sun Alliance  Insurance Group Plc  said on Thursday it was selling its  U.S. arm to Arrowpoint Capital, providing the company with a  long-awaited exit from its U.S. unit.
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Financial group ING (ING.AS: Quote, Profile, Research) has agreed to sell Baring Asset Management (BAM) to US groups MassMutual and Northern Trust (NTRS.
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KeyCorp , a large Midwest U.S.  bank, on Friday said it agreed to sell its Champion Mortgage  subprime lending unit to Britain's HSBC Holdings Plc    and investment firm Fortress Investment Group LLC, so  it can focus on consumer and business banking.