ING Bank, fsb · Wilmington, DE United States
Company Description
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This link will open in a new window Orange you glad you can count on ING Bank? The company, better known as ING Direct, offers the Orange Savings Account, which boasts high interest rates and one of the highest yields in the industry. Doing business online, over the phone, by ATM, and by mail, ING Direct also offers certificates of deposit, individual retirement accounts, home mortgages, and paperless checking accounts. For businesses, ING Direct offers savings accounts, CDs, and 401(k) plans. In 2007 the bank acquired
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Key ING Bank, fsb Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $3,841.0 |
| 2007 Employees | 2,010 |
ING Bank, fsb Executives
20 executives listed for ING Bank, fsb's Wilmington, DE location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | Arkadi Kuhlmann | Network |
| COO | Jim Kelly | Network |
| CFO | Maria Rueda | Network |
Competition
Competitive Landscape for ING Bank, fsb
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top ING Bank, fsb Competitors
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