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Europe Daily Bulletin No. 7893

1 February 2001
Contents Publication in full By article 30 / 40
ECONOMIC INTERPENETRATION / (eu) banks

The Dutch bank/insurer ING announced a drastic restructuring of its investment bank activities with the sale of its subsidiary ING BARINGS USA to its fellow national ABN AMRO for USD 275 million and the ending of 1,000 jobs. The restructuring will cost EUR 450 million.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION