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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
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
01/28/201615:50:30Statement of Ownership (sc 13g)
01/28/201612:09:09Report of Foreign Issuer (6-k)
01/21/201608:56:50Report of Foreign Issuer (6-k)
01/13/201609:14:00China's Better-than-Expected Trade Numbers Raise Questions
01/13/201601:50:00Correction to China Exports Story
01/13/201600:30:00Chinese Exports Post Biggest Decline Since 2009
01/13/201600:20:00Chinese Exports Post Biggest Decline Since 2009
01/12/201606:07:12Report of Foreign Issuer (6-k)
01/06/201607:42:20Report of Foreign Issuer (6-k)
12/15/201516:01:00Monroe Capital Corporation Amends and Extends Credit Facility...
12/09/201511:41:34Form 13f Holdings Report (13f-hr/a)
11/30/201506:02:51Report of Foreign Issuer (6-k)
11/19/201502:28:00Dutch Life Insurer NN to Cut More Costs in Netherlands
11/10/201510:37:43Form 13f Holdings Report (13f-hr)
11/04/201509:39:00ING Profit Lifted as Bad Loans Fall --Update
11/04/201509:08:14Report of Foreign Issuer (6-k)

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