Could ING Court Win Affect Divestment Strategy?

By  |  March 4, 2012
 | 

ING won a court decision against the European Commission that may lead to changes to the terms of the firm’s 2008 bailout, Bloomberg reports.

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    The Commission had been referring to a revision of repayment terms as a form of additional aid, Bloomberg writes. The reversal of that stance “will force regulators to re-open their assessment of part of the Dutch government’s bailout to the bank.”

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    As part of the bailout, ING had been ordered to sell off a number of its assets, including its U.S.-based online banking operations. Capital One’s purchase of those operations brought its total deposit base to $80 billion.

    The subsequent approval process administered by the Federal Reserve yielded interesting commentary.


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