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Dutch bank ING boosts operating profit by a quarter

  The Hague / AFP Dutch bank ING, the country’s biggest lender, said on Wednesday that its second-quarter operating profits rose by more than a quarter as it boosted lending. Underlying net profit, which strips out one-off items, rose by 26.7 percent to 1.4 billion euros ($1.6 billion). Net profit more than quadrupled to 1.3 billion euros, but the huge increase ...

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UK banks face $2 billion in extra PPI costs after delay

  London / Bloomberg Three of the UK’s biggest banks face extra charges of about 1.5 billion pounds ($2 billion) after the Financial Conduct Authority said it will probably delay a deadline on payment protection insurance complaints by a year, according to Citigroup Inc. Lloyds Banking Group Plc may have to set aside an additional 750 million pounds to cover ...

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The progressives’ war on affordable housing

  The US is running out of places for people to live. Rent is a bigger and bigger part of our cost of living. Here is an index of rental prices divided by median household income: Lots of people have been wondering what to do about this problem. One proposed solution is to deregulate housing and encourage denser development. This ...

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