Bloomberg ING Groep NV will take an unspecified fourth-quarter charge to exit French retail banking, its latest move to pull out of non-core European markets. The Amsterdam-based lender has reached a deal with local unions on a social plan for 460 employees, according to a statement. The bank, which is waiting for approval of its plan by the French ...

  Bloomberg Union Bank of the Philippines will buy Citigroup Inc’s consumer banking assets in the Southeast Asian country for a cash consideration plus a premium of 45.3 billion pesos ($904 million). The deal covers the US firm’s local credit card, unsecured lending, deposit and investment businesses as well as Citicorp Financial Services and Insurance Brokerage Philippines Inc, Citigroup and ...

  Bloomberg The Bank of Spain more than doubled its forecast for inflation next year but still sees it easing sharply after that to well below the 2% goal for the euro zone. The central bank raised its outlook for annual price increases to 3.7% in 2022 and then slightly reduced the projection for the following year to 1.2%. Inflation ...