ING Launches Private Banking Targeting 40,000+ Wealthy Clients

ING is entering the private banking segment, identifying over 40,000 clients with assets exceeding €250,000 as potential targets, with an initial rollout to 6,000 high net worth clients. This marks a strategic expansion into wealth management, aiming to capture a share of the growing European private banking market. The move could intensify competition among established private banks and potentially impact ING's fee income and client retention.

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