Deals & People

ING to Shed 400 Jobs

ING Groep NV has started laying off 400 people in its U.S. insurance operation, preparing to sell the unit in an initial public offering, Dow Jones reported.

Goldman Sachs Expands DC Team

Goldman Sachs Asset Management, L.P. (GSAM) added three executives to its defined contribution team to expand the business and strengthen client offerings.