ING Groep is the latest big bank to make news by taking state funds. The Dutch government injected 10 billion Euros (a nice round number, roughly 13.5 billion US dollars) in to the company over the weekend.
ING was seen as a strong bank - and they probably were - but the new funds give them a safety net to weather the storm for a while.
The deal involves selling non-voting stock to the government, with an incentive to pay them back as quickly as practicable.
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