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"Risk costs for the bank have been increasing amid the economic downturn, and we don't foresee...

"Risk costs for the bank have been increasing amid the economic downturn, and we don't foresee an immediate improvement," dourly said ING CEO Jan Hommen in a New Year's speech to employees. "We must continue to align our cost structure to a leaner operating environment." His words suggest more another round of job cuts for the bank.
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