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Results: 11-20 of 53

EC approves Irish "bad bank" scheme

  • Alston & Bird LLP
  • -
  • European Union, Ireland
  • -
  • February 26 2010

The European Commission (EC) has approved Ireland's National Asset Management Agency (NAMA) under the European Union state aid rules

European Commission approves Spanish recapitalization scheme for credit institutions

  • Alston & Bird LLP
  • -
  • European Union, Spain
  • -
  • January 29 2010

On Thursday, the European Commission (EC) approved a Spanish scheme "for banks aimed at enhancing the strength and solvency of credit institutions so that they are able to provide credit normally and that confidence in the national financial system can be maintained."

ING to appeal European Commission calculation of State aid

  • Alston & Bird LLP
  • -
  • European Union, Netherlands
  • -
  • January 28 2010

Today, ING Groep, NV (ING) announced that it will file an appeal with the General Court of the European Union contesting the way the European Commission (Commission) has calculated the amount of State aid ING has received

European Commission temporarily approves 18 billion of state guarantees for Hypo Real Estate

  • Alston & Bird LLP
  • -
  • European Union
  • -
  • December 26 2009

On Tuesday, the European Commission announced that it has temporarily approved two state guarantees of 8 billion (which will run from December 23, 2009 through December 22, 2010) and 10 billion for the German bank, Hypo Real Estate

European Commission temporarily approves WestLB "bad bank" and rescue of Hypo Group Alpe Adria

  • Alston & Bird LLP
  • -
  • European Union
  • -
  • December 24 2009

On Tuesday, the European Commission (EC) temporarily approved, for reasons of "financial stability," German landesbank WestLB's proposed "bad bank," which would take over a portfolio of toxic and non-strategic assets with a nominal value of 85.1 billion ($121.9 billion), and an additional 3 billion capital injection from Germany's SoFFin bank rescue fund

European Commission approves Polish bank recapitalization scheme

  • Alston & Bird LLP
  • -
  • European Union, Poland
  • -
  • December 24 2009

On Monday, the European Commission approved a Polish scheme "aimed at maintaining stability in the Polish financial sector by underwriting capital increases to eligible financial institutions."

European Commission approves revised Irish guarantee scheme for financial institutions

  • Alston & Bird LLP
  • -
  • European Union, Ireland
  • -
  • November 20 2009

Today, the European Commission approved a measure proposed by Ireland that is designed to stabilize Irish financial markets by improving the access that credit institutions have to medium-term state-guaranteed financing

European Commission announces decisions on state aid for KBC, ING and Lloyds

  • Alston & Bird LLP
  • -
  • Belgium, European Union, Netherlands, United Kingdom
  • -
  • November 18 2009

Today, the European Commission (EC) announced decisions regarding state aid for KBC Group NV (KBC), ING Groep NV (ING) and Lloyds Banking Group (Lloyds), which will "secure their long term viability," "require each of these banks to contribute substantially to the financing of their restructuring," and "ensure that none of these banks will enjoy an unfair competitive advantage as a result of the very large-scale public support they have received."

RBS close to agreement to participate in U.K. Government's Asset Protection Scheme; European Commission may require certain divestments

  • Alston & Bird LLP
  • -
  • European Union, United Kingdom
  • -
  • November 2 2009

Today, Royal Bank of Scotland Group Plc (RBS) announced that it is close to agreement with HM Treasury with respect to its proposed participation in the U.K. Government's Asset Protection Scheme (GAPS), which would provide protection against certain credit losses incurred on one or more portfolios of defined assets

European Commission approves Finnish capital injection support scheme for financial institutions

  • Alston & Bird LLP
  • -
  • European Union, Finland
  • -
  • September 11 2009

Today, the European Commission (EC) announced its approval under EC Treaty state aid rules of Finland’s “support scheme to stabilise financial markets by providing capital injections to eligible financial institutions.”

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