Financial Regulatory Forum

EU approves Lloyds restructuring plan

November 18, 2009

A pedestrian passes the head office of the Lloyds Banking Group in central London August 5, 2009.   REUTERS/Stefan Wermuth (BRITAIN BUSINESS) BRUSSELS, Nov 18 (Reuters) – Plans by British lender Lloyds Banking Group Plc to sell parts of its operations in return for billions of pounds in state aid were approved by European Union competition authorities on Wednesday.

ING breakup spurs investor concern over state-aided banks

October 27, 2009

The headquarters of Dutch bank and insurance group ING is pictured in Amsterdam in this file photo taken February 29, 2008. Dutch financial group ING will take a 2008 loss of 1 billion euros and will tap into a Dutch state guarantee for its troubled loan portfolio, it said on January 26, 2009, adding its Chief Executive Michel Tilmant will step down. Picture taken February 29, 2008. REUTERS/Toussaint Kluiters/United Photos/Files    (NETHERLANDS)    By Kirstin Ridley and Steve Slater
LONDON, Oct 27 (Reuters) – Investors are shunning European bank shares after an EU-imposed break-up and retrenchment of Dutch ING Groep sparked fears Belgium’s KBC and UK peers face tougher-than-expected sanctions in return for state aid.

EU to strictly apply state aid, competition rules – Barroso

October 9, 2009

European Commission President Jose Manuel Barroso speaks at a news conference at the EU Commission headquarters in Brussels October 3, 2009. (File photo)      REUTERS/Francois Lenoir   (BELGIUM POLITICS)   BRUSSELS, Oct 9 (Reuters) – European Commission President Jose Manuel Barroso said on Friday he would strictly enforce the European Union’s competition and state aid rules, despite calls for a less rigorous approach.