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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
06/30/201510:35:58Annual Report of Employee Stock Plans (11-k)
06/29/201517:51:48ADRs End Lower; National Bank of Greece Drops Sharply
06/16/201508:11:22Report of Foreign Issuer (6-k)
06/15/201509:36:00ING Expands its U.S. Acquisition Finance Group to Chicago
06/11/201516:20:00Dans le cadre d'un projet de revitalisation d'une journée, des...
06/11/201516:16:00Tangerine employees and community volunteers transform Moncton's...
06/10/201507:57:20Report of Foreign Issuer (6-k)
06/04/201511:57:06Report of Foreign Issuer (6-k)
05/28/201506:08:59Report of Foreign Issuer (6-k)
05/26/201512:39:22ING to Sell Further Stake in NN Group
05/21/201506:06:26Report of Foreign Issuer (6-k)
05/14/201515:15:38Form 13f Holdings Report (13f-hr)
05/13/201506:08:46Report of Foreign Issuer (6-k)
05/12/201517:13:36Advent International to Buy Ammeraal Beltech
05/12/201506:08:52Report of Foreign Issuer (6-k)
05/11/201511:40:06ING Records Sharp Rise in Profit
05/08/201506:09:03Report of Foreign Issuer (6-k)
05/08/201506:09:02Report of Foreign Issuer (6-k)
05/07/201518:05:17ADR Shares End Mixed; Alibaba, Oi Trade Actively
05/07/201509:43:42Report of Foreign Issuer (6-k)

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