EU To Make Statement On Dutch Aid To ING Later Tuesday
September 15 2009 - 3:11AM
Dow Jones News
The European Commission Tuesday said it will make a statement on
the Dutch government's state aid to troubled bank ING Groep NV
(ING) later in the day.
"There will be a statement later today," said the commission's
competition spokesman Jonathan Todd.
The Dutch press reported earlier that the commission won't
approve the Alt-A mortgage transaction between ING and the Dutch
state, finding it to have been provided at too lenient terms to the
bank.
-By Peppi Kiviniemi, Dow Jones Newswires; +3227411483;
peppi.kiviniemi@dowjones.com