ING Groep NV (ING:NYSE)

ING announced today that the European Commission has formally approved the restructuring plan submitted by ING.

ING's U.S. Retirement Services announced that it has recently formed a new Business Development Team dedicated to serving employer-sponsored higher education retirement plans across the country, and identifying new growth opportunities for this segment of the 403 defined contribution market.

11/11/09 -- * 3Q09 underlying net result of EUR 778 million, compared with EUR 229 million in 2Q09 and EUR -568 million in 3Q08 * Pre-tax market impacts of EUR -882 million include impairments on debt securities and real estate revaluations and impairments * Results excluding market impacts and risk costs were EUR 2.4 billion, primarily attributable to the Bank * Cost reduction programmes brou...

* 3Q09 underlying net result of EUR 778 million, compared with EUR 229 million in 2Q09 and EUR -568 million in 3Q08 * Pre-tax market impacts of EUR -882 million include impairments on debt securities and real estate revaluations and impairments * Results excluding market impacts and risk costs were EUR 2.4 billion, primarily attributable to the Bank * Cost reduction programmes brought operating...

ING announced today that it has closed the transaction to sell its non-core Annuity and Mortgage businesses in Chile to Corp Group Vida Chile, S.A. ING did not disclose terms of the agreement, which was previously announced on 31 July 2009. In 2008, the Annuity and Mortgage businesses in Chile generated combined pre-tax earnings of approximately EUR 35 million.

Intesa Sanpaolo SpA, Italy's second-largest bank, announced Tuesday it would resume dividend payments after reporting flat third-quarter earnings. The Milan-based bank said net income was euro674 million in the three months ended Sept. 30, the same as in the same period a year earlier.

Broker-Dealers Acquired Are Financial Network, Multi-Financial and PrimeVest.

ING announced today that it has reached an agreement to sell three of its U.S. independent retail broker-dealer units, which comprise three-quarters of ING Advisors Network, to Lightyear Capital LLC.

ING Group has affirmed its investment and business support in TMB Bank because it sees high growth potential in Thailand. Boontuck Wungcharoen, TMB Bank's CEO, said the bank received confirmation from the Dutch financial group, TMB's major shareholder with a 26.41 percent stake, that it would invest and support the bank's business operations.

Dutch banking and insurance group ING has named Rob Leary as chief executive officer of its U.S. insurance arm. Leary's appointment as CEO follows ING's recent move to name Tom McInerney, who is currently CEO ING Insurance Americas, as chief operating officer of ING Insurance.