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EU Commission Opens In-Depth Probe Into ING Restructuring Plan Changes

BRUSSELS -(Dow Jones)- The European Commission has approved Dutch bank ING Groep NV's (ING) restructuring aid as submitted in 2009, but opened a new investigation into later changes to the plan, it said late Friday. "Both decisions provide a framework for taking forward the outstanding issues in this case with a view to adopting a final decision on the restructuring of ING," the EU's antitrust watchdog said. In parallel, the Commission has appealed the General Court's judgment on the ING case before the Court of Justice of the European Union. The EU's highest court in March ruled that the commission, the EU's executive arm, exaggerated the amount of aid ING received from the Dutch government in 2008. The Dutch bank, like other bailed-out EU financial institutions, has had to submit details of the assistance it received to the commission. -By Frances Robinson, Dow Jones Newswires; frances.robinson@dowjones.com

Stock News for Ing (ING)
DateTimeHeadline
06/02/201610:32:00ING Capital Finances Acquisiton of 550 Madison Avenue
06/01/201603:00:00ING Wholesale Banking Head Bill Connelly to Retire; Maria Isabel...
05/10/201618:14:00ADRs End Higher; Nokia Declines
05/10/201608:28:00Global Stocks Buoyed by Oil, Banks -- 2nd Update
05/10/201607:28:00ING Profit Dented by Regulatory Costs -- Update
05/10/201606:02:00European Stocks Buoyed by Banks -- Update
05/10/201603:50:00ING Profit Dented by Regulatory Costs
05/10/201602:14:00ING First-Quarter Net Profit Drops 29% to EUR1.26 Billion
04/26/201622:30:00Chinese Bidders Expected in Upcoming Sale of ING Life Korea
04/26/201616:29:00Chinese Bidders Expected in Upcoming $3 Billion Sale of ING Life...
04/25/201611:28:00ING Capital LLC Finances $148 Million Loan for Acquisition and...
03/16/201606:20:00Anheuser-Busch InBev Looks to Sell Euro-Denominated Jumbo Bond...
03/02/201610:02:39Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3...
03/02/201609:42:28Annual and Transition Report (foreign Private Issuer) (20-f)
02/26/201607:11:42Report of Foreign Issuer (6-k)
02/12/201610:17:56Form 13f Holdings Report (13f-hr)
02/08/201606:07:46Report of Foreign Issuer (6-k)
02/04/201604:29:00ING's Profit Beats Expectations -- Update
02/04/201602:20:00ING's Profit Beats Expectations
02/04/201602:08:00ING's Posts Better-Than-Expected Fourth-Quarter Results

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