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News Summary: ING 2Q earnings fall on bad loans

By The Associated Press
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BIG DROP: ING Groep NV reported a 23 percent fall in second quarter earnings as its banking operations were hurt by higher bad loan provisions and losses in Spain.

SPANISH SALE: ING reduced its exposure to Spain by selling off Spanish bonds at a loss. The company said its Spanish portfolio will continue to shrink as mortgage-linked products age.

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