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2/20/08

Forbes.com: Europe's Silver LinING - by Vidya Ram

For the complete report from Forbes.com click on this link

Europe's Silver LinING - by Vidya Ram

Some much-needed cheer for Europe's beleaguered financial sector came from Dutch insurance and banking firm ING Groep on Wednesday. Not only did the firm's profits grow 18.1% during a fourth quarter which tripped up many of its competitors, but the $285.3 million in write-downs it had announced were smaller than many had been expecting.

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