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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
08/13/201412:26:02European Banks Ink Loan to Russian Steelmaker
08/06/201417:51:35ADR Shares End Mixed; ING Group Shares Trade Actively
08/04/201410:50:11ING Groep 2Q 2014 -- Forecast
06/13/201411:07:37Poland's May CPI Falls Unexpectedly
06/05/201415:01:13ING Moves Ahead With NN Unit IPO -- Update
06/05/201402:42:07ING Moves Ahead With NN Unit IPO
05/16/201404:20:08ING Groep Completes EUR1.125 Billion Note Issue
05/07/201417:32:03ADR Shares End Mixed; Delhaize, ING Shares Active
05/07/201409:07:17ING Hit By Restructuring Costs -- Update
05/07/201403:24:59ING Hit By Restructuring Costs
05/06/201417:18:57ING Groep 1Q Results -- Forecast
04/29/201404:03:13Dutch Central Bank Sets Out Capital Buffers
04/22/201402:58:35ING Bank Names Roel Louwhoff as Chief Operating Officer
04/02/201412:49:22European Stocks Notch Seventh Straight Day of Gains--Update
04/01/201403:41:57Singapore OCBC Makes Near US$5 Billion Offer For Wing Hang Bank...
03/31/201417:16:48ADR Shares End Higher; ING, Novartis Shares Active
03/31/201412:29:09EUROPE MARKETS: European Stocks End Mixed On Inflation Jitters
03/31/201410:29:55EUROPE MARKETS: European Stocks Push Higher After Weak Inflation
03/31/201407:13:19ING Aims to Resume Dividends Next Year -- Update
03/31/201406:22:12EUROPE MARKETS: European Stocks Pare Gains After Weak Inflation...

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