AMSTERDAM ING Group said it is reviewing its ING Barings investment banking division, focusing on the units U.S. operations.
Options include a possible sale of the U.S. business, the Dutch financial giant said on Sunday.
It is unclear how many jobs would be cut if ING shutters its U.S. investment banking presence. ING Barings employs more than 9,300 people in 49 countries.
The announcement came as ING Group said its operating income for the first nine months of the year rose 26.2% from the year earlier, to $2.589 billion. The company also said it is on target to hit its profit forecast for the year.
ING Group, which has retained Goldman Sachs to advise it in the ING Barings review, said it would release an update on the review by early next year.
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