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Violation Tracker Individual Record

Company: ING Bank N.V.
Current Parent Company: ING
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $10,490,000
Year: 2022
Date: November 29, 2022
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: ING agreed to pay over $10 million to settle its role in litigation alleging that a group of major banks manipulated two Singapore interest rate benchmarks.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:16cv5263
Case Name: Frontpoint Asian Event Driven Fund, Ltd. et al v. Citibank, N.A. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Netherlands
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.