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ING is planning to relocate the London headquarters of its Dutch bank to a 130,000 sq ft office at 8-10 Moorgate.
ING Group is selling Baring Asset Management's fund management business to MassMutual Financial for undisclosed terms, while BAM's custody and fund administration business is being sold to Northern Trust for £260m.
ING of the Netherlands is investing £25m in the development of a UK internet and telephone savings bank, with the creation of up to 400 jobs in Reading over the next three years.
ING, the Dutch-owned bank, is said to be planning to set up a call centre at the Thames Valley Business Park in Reading, with the creation of hundreds of jobs.
ING of the Netherlands is to close its regional banking office in Liverpool with the loss of up to 30 jobs, although some staff will relocate to London or Edinburgh.