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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
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...
03/31/201404:55:55EUROPE MARKETS: European Stocks Firm Ahead Of Inflation Data
03/31/201404:40:08ING Aims to Resume Dividends Next Year
03/18/201410:55:58ING U.S. Unveils Stock Buyback
02/12/201418:18:38ADR Shares End Mixed; ING, Nokia Shares Active
02/12/201412:13:37EUROPE MARKETS: European Stocks Rise For Sixth Day In A Row
02/10/201407:24:31ING Groep NV 4Q 2013 -- Forecast
01/16/201412:27:30RCS Capital to Acquire Cetera Financial for $1.15 Billion
01/14/201400:28:44Singapore's OCBC Expands Ningbo Bank Stake, Deepening China Presence...
12/04/201310:25:48The Netherlands Kicks Off US Mortgage Sale
11/20/201317:24:12ADR Shares End Lower After Fed Minutes
11/20/201310:37:20Vipera Sees GBP1.4 Million 2013 Revenue; Plus500 Sees 2013 Revenue...
11/20/201308:01:13Vipera Sees GBP1.4 Million 2013 Revenue; UK Mail Posts 63% Profit...

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