I would suggest "serious & unacceptable" be replaced with "profitable & complicit" to better understand the true motives of the bank. Nothing short of criminal that no charges are brought against those involved but that is par for the course these days. Really, half a billion euro fine shows how serious this is. Dhr Hommen joins the list of those lining themselves up against the wall though I'm sure his integrity remains intact.

Now that's a far more positive way to raise capital for for the EU debt, and punish some banksters at the same time.

The downside is that ING Bank will probably make redundancies adding the unemployment statistics, and that $619m will just end up in another bank again, right?!!

Once again a complete failure by the regulators/authorities to impose any meaningful punuishment on a bank willfully breaking the law.

ING also routed payments through shell accounts and helped facilitate the export of prohibited goods to Iran. This was clearly criminal activity. However, it should also be mentioned that Credit Suisse, Lloyds and Barclays have also recently paid fines in the hundreds of millions of dollars to settle accusations that they, too, facilitated prohibited financial transactions.

Surely the simple thing would be to not send any transactions via the US so as not to be subject to its laws? (Rhetorical, I know this is next to impossible, much like the Sarbanes Oxley c**p) Alternatively, EU banks should actively investigate all US banks and organisations trading in Europe, in order to invent a money-grabbling law of its own and enforce it when wrongdoing is proven? Or is every US organisation/bank above corruption - or just hasn't been found out yet? (again, rhetorical)

Incidently; should Dutch news feel the need to close for comments every story relating to the PVV, perhaps they should stop discussing him altogether? I hate the guy but I should be allowed to poke fun

I rather like ING and their world presence in nearly every sport.

Huge fine and undisclosed penalties considering Jamie Dimon walked out with a handshake today.

What's JP Morgan done for the wage earning public lately?

ING need to tell the Yanks to shove it where the sun don't shine, they are not the world police, in fact they have murdered more people than Hitler in the last ten years.