Editing ING Group (section)

===Capital injection and divestiture===
In 2008, as part of the [[2008 financial crisis]], ING Group, together with many other major banks in the Netherlands, took a capital injection from the Dutch government. This support increased ING's [[capital ratio]] above 8%, however as a condition of Dutch state aid, the EU demanded changes to the company structure, including the sale of insurance businesses in Latin America, Asia, Canada, Australia and New Zealand and ING Direct units in the US, Canada and the UK.<ref>{{cite news |title=Barclays to acquire ING Direct UK |url=https://www.bbc.co.uk/news/business-19880659|publisher=BBC News|access-date=9 October 2012|date=9 October 2012}}</ref> This included the sale of the ING Direct US operations to [[Capital One]], ING Direct Canada to [[Scotiabank]] (doing business as [[Tangerine Bank|Tangerine]]) and the ING Direct UK operations to [[Barclays Bank]] in 2012.<ref>{{cite web|title=ING Direct Has Merged with Capital One-May Affect Your FDIC Insurance|url=http://www.nerdwallet.com/blog/2012/ing-direct-capital-one|publisher=NerdWallet.com|access-date=26 September 2012|url-status=dead|archive-url=https://web.archive.org/web/20121117013148/http://www.nerdwallet.com/blog/2012/ing-direct-capital-one/|archive-date=17 November 2012}}</ref><ref name="Barclays to acquire ING Direct UK">{{cite news|url=https://www.bbc.co.uk/news/business-19880659|title=Barclays to acquire ING Direct UK|publisher=BBC News|date=9 October 2012|access-date=9 October 2012}}</ref> The spun-off insurance businesses in North America were renamed [[Voya Financial]] in 2014.

In April 2016, ING sold the last shares in NN Group, making it exclusively a bank again.

Since the largest settlement ever in the Netherlands by Vimpelcom in 2016, its house banker ING has also come under fire from the Public Prosecutor's Office.<ref>{{Cite web |date=2018-06-25 |title=Onderzoek OM naar betrokkenheid ING bij witwassen duurt langer |url=https://www.rtlnieuws.nl/economie/artikel/4255106/onderzoek-om-naar-betrokkenheid-ing-bij-witwassen-duurt-langer |access-date=2023-05-18 |website=RTL Nieuws |language=nl}}</ref> As a result of the Vimpelcom case, among others, it was announced in 2018 that ING reached a €775 million settlement with the Public Prosecutor's Office. According to the prosecution, the bank was negligent in preventing money laundering. Between 2010 and 2016, clients misused accounts at ING to launder hundreds of millions of euros.<ref>{{Cite web |date=2018-09-04 |title=ING schikt voor honderden miljoenen wegens faciliteren witwassen |url=https://nos.nl/artikel/2248874-ing-schikt-voor-honderden-miljoenen-wegens-faciliteren-witwassen.html |access-date=2023-05-18 |website=nos.nl |language=nl}}</ref>

In February 2018, ING bought fintech company Payvision founded by Rudolf Booker for 350 million.<ref>{{Cite web |title=Verdachte oprichter Payvision: 'Ik rijd al jaren geen Ferrari meer' |url=https://fd.nl/financiele-markten/1456506/ik-rijd-al-jaren-geen-ferrari-meer |access-date=2023-05-18 |website=FD.nl |language=nl}}</ref>