| Banking, Strategy
ING reports a solid first quarter
ING Group posted strong results in the first quarter, despite a challenging operating environment and weak macroeconomic climate. Bank earnings rebounded from the fourth quarter, supported by improvement in the interest margin and lower expenses. Results from Insurance EurAsia remained under pressure amid the low yield environment. Insurance ING U.S. posted solid operating results from the on-going business, however underlying results reflected hedge losses on the closed block variable annuities as equity markets increased.