ING Unit Hit With $61M Suit Over Bank's Investment Losses

By Daniel Wilson (April 9, 2013, 6:54 PM EDT) -- Dutch banking giant ING Group NV was hit with a breach of contract suit by MashreqBank PSC in New York federal court Monday, accusing one of its units of investing Mashreq's money in risky securities without permission, costing the United Arab Emirates-based bank about $61 million....

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