Ing Microsoft Money

Posted By admin  On 15.09.21

(Bloomberg) -- As Ralph Hamers starts to make his mark as UBS Group AG’s new chief executive officer, his past at the helm of Dutch bank ING Groep NV keeps coming back to haunt him.

A Dutch court ordered the public prosecutor to open a probe into Hamers’s role in ING’s past failures to comply with anti-money laundering rules, according to statements from the two banks on Wednesday. UBS said it has full confidence in the executive’s ability to lead the company.

© Bloomberg ING Groep NV Chief Executive Officer Ralph Hamers At Markets For Europe Conference

Earn more rewards with Microsoft Edge Search with Bing in the Microsoft Edge browser on PC or mobile to put you ahead of the game. You'll soon reach Level 2 and earn up to 600 points a month. To start earning your bonus points, use a Windows 10 device, launch Microsoft Edge, and search with Bing. To see your Microsoft account balance, sign in to the Payment options page with your Microsoft account. Get more payment & billing help. On your Xbox One. You can check your Microsoft account balance on your Xbox One console without going online. 2 days ago  A Dutch court ruled Wednesday, Dec. 9, 2020, that Hamers, the former CEO of ING bank, should face a criminal investigation for his role in a money laundering scandal that led to a.

Ralph Hamers

Ing Microsoft Money

Photographer: Krisztian Bocsi/Bloomberg

The ruling means that even as Hamers starts effecting change at Switzerland’s biggest bank, he faces at best a distraction and at worst a damaging legal battle. The executive, who took over from Sergio Ermotti last month, made his first top management change last week, giving Sabine Keller-Busse a new role and extending wealth management co-chief Iqbal Khan’s responsibilities.

ING avoided prosecution in 2018 by agreeing to a 775 million-euro ($940 million) settlement and admitting it had failed to comply with anti money-laundering rules. However, Dutch financial activist Pieter Lakeman appealed the decision and sought charges against Hamers personally, leading the judges to order the probe.

The Court of Appeal, based in The Hague, rejected a separate attempt to prosecute ING as a company over the compliance issues.

Hamers was responsible for a massive increase in clients at ING, many through digital services such as the popular ING Direct accounts. However, his legacy was tainted by practices that led to the settlement and the resulting increases in compliance costs, and he faced criticism from politicians over the bank’s efforts to increase his compensation.

Swiss regulator Finma said on Wednesday that it had investigated the case “in the course of the nomination procedure” for Hamers. “Based on the information available and the assessment of other relevant supervisory authorities, Finma confirmed the ‘fit and proper’ status of the proposed CEO,” it said.

Current ING CEO Steven van Rijswijk addressed the Dutch parliament over the compliance issues in 2018 when he was chief risk officer, telling lawmakers he “felt terrible” about what happened. Hamers also appeared later that year as part of a wider hearing about the status of the financial sector 10 years after the global financial crisis.


Gallery: 2020’s Biggest Bank Scandals (GOBankingRates)

Ing Microsoft Money Login

In addition to the Dutch compliance case, the Italian regulator in 2019, banned ING from accepting new clients in the country over financial crime concerns. The restriction was lifted in September.

Chairman’s Backing

The issues at ING raised questions when Hamers was named as Ermotti’s successor in February. At the time, Weber expressed confidence in the executive and how he was vetted by both the bank and the regulator.

“UBS conducted an extensive review of Ralph’s background as part of its evaluation of CEO candidates, including an evaluation of this matter by independent third parties,” Chairman Axel Weber said Wednesday in a memo to employees seen by Bloomberg and confirmed by the bank. “We were fully satisfied with the results of these independent evaluations and the assessment of the Dutch prosecutor at the time.”

While ING took responsibility for its shortcomings and improved its compliance efforts, “no settlement has been reached with the executive himself, nor has he taken public responsibility for his actions,” the court said, explaining its decision to order the investigation into Hamers. “Citizens must be able to see that such actions are not accepted by the government,” it said.

Political Backlash

Political pressure led to the resignation of ING Chief Financial Officer Koos Timmermans shortly after the settlement with prosecutors, but Hamers kept his role until he decided to move to UBS.

“We welcome the ruling regarding ING, but regret the decision to order the prosecution of our former CEO, which goes against the assessment of the public prosecutors that, based on the investigation, there are no grounds for a case against ING employees or former employees,” ING said.

The public prosecutor said in 2018 that it didn’t find enough evidence for criminal accusations against individuals at ING, including the top management.

The decision comes as UBS faces its own legal concerns. The bank is waiting for its appeal of a record 4.5 billion-euro penalty to be heard in France. The bank is accused of helping wealthy French clients stash undeclared funds in offshore accounts.

(Updates with Swiss regulator’s statement in seventh paragraphs)

For more articles like this, please visit us at bloomberg.com

©2020 Bloomberg L.P.

Many people keep track of their finances using a program like Quicken. Others, like me, who are incredibly cheap, er, frugal use a spreadsheet. Either way, it’s a bit easier and often more accurate to download the info directly from your bank than to type it in line by line. Here’s how you can download what’s been happening in your Tangerine, formerly called ING Direct, bank account.

Copying your Tangerine Bank Account Transaction History Onto Your Computer


To Login to your Tangerine account/s

  1. Go to: http://www.tangerine.ca/en/
  2. Click on I’m a Client, Let Me In!.
  3. Enter your Client Number, banking Card Number or Username in the Log me in box.
    Click on the Go button.
  4. If necessary, in the Your Secret Question: box, type the Answer: to the question.
    Click on the Next button.
  5. If the Your Picture and the Your Phrase fields are correct, if applicable, in the Your PIN box, type your personal identification number.
    Click on the Go button.

To Download Your Transaction History

  1. Click on the View My Accounts link.
  2. Scroll down to the bottom of that screen.
    Click on the Download Transactions button.
  3. From the drop-down list select the account for which you wish to download the history.
  4. In the Download Information section, select either
    • Get all from last download (which presumably translated from the Dutch-English means “Get all the data since the last download”; or
    • Get all for the following date range:
      If you choose a period, from the drop-down lists select the start date and end date day, month and year.
  5. In the Available Download Formats section, from the drop-down list select
    • QFX Quicken
    • Microsoft Money; or
    • Excel/Other software, CSV

    Yes, just like PC Financial they support downloading to Microsoft Money even though Microsoft no longer supports Money itself.
    CSV means comma separated values. In other words, they will put a comma between each entire number. So the two numbers one hundred thousand and the number ten would be sent as: 100000,10

  6. Click the Next button
  7. Review the information on the screen called Here is the information you selected for Download
    If it looks correct, click on the Download button.
  8. In the SomeName.CSV window, select either
    • Open with; or
    1. If you select Open, you must also select a program from the drop-down list.
    • Save File
    1. Click on the OK button.
    2. If applicable, select where you want to save the file.
    3. Click on the Save button.
  9. When you are finished using Tangerine click on the Log Me Out button.
    For increased security, close your browser session.

In my case the saved file was called Chequing.CSV.

CSV means comma separated text. If you open the file in a spreadsheet it will put one line of data on one line of the spreadsheet. It will put the data after each comma into a new column.

You will likely find some columns are full of ######s when you open your file in a spreadsheet. This is because the information is too large to fit the width of the column. To correct this, hover the mouse over the small vertical line between the Letter Names at the top of the column. Click and holding the mouse key down, drag the line to widen the column.

What is Reported for my Tangerine Transaction History

Cool! The info is different than that reported by PC Financial.

The columns reported are

  • The Date
  • The type of transaction
  • Name; a description of what happened. For example Bill Payment AMEX
  • Memo; another description of what happened
  • Amount; the dollars that moved in or out of the account

The types of Transactions are

  • Credit
    Credit does not mean you used your Credit card. It means money was put into your account.
  • Debit
    Debit does not mean you used your Debit card. It means money was taken out of your account.
  • Other
    Other is used for reporting things like you ordered your first (and only) free cheques. (If you want unlimited free cheques, consider opening a PC Financial no fee chequing account.)
  • Int
    Int means interest.
  • There may be other codes that were not applicable to me.

The types of Memos showing up for my account include

  • Transferred
    This is used when I transfer money between accounts.
  • BILLPO
    This just means I paid a bill, not that I am P.O.d about it, though it does make me smile to think that might be what they meant. I wonder who programmed that?
  • Cheque Order Fee
    This was 0 because I only ordered the free first cheques. I use PC Financial to get as many free cheques as I need.
  • There may be other codes that were not applicable to me.

How Accurate is the Transaction History Information?

I found the way PC Financial reported my credit card transactions resulted in the numbers being in the wrong column.

The Tangerine information, however, is all lining up properly.

How Risky Is It to Download and Store This Information on my PC?

Microsoft Money For Windows 10

The file does not include any of my credit card numbers, or the account numbers for businesses I paid bills for online. For example, it does not list my Cable TV account number.

The file did not include any information about my bank account number or my bank balance.

This information, therefore, is not very risky to store on my home computer. However, I would suggest storing it instead on a DVD or USB stick and that storing that somewhere safe. No sense in making it too easy for financial crooks, er, criminals.


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Do you download your bank info from Tangerine to a money management program or a spreadsheet? Have you ever had any hiccups? Please share your experiences with a comment.