ING has asked a European court to amend certain terms imposed as part of its state rescue, Reuters reports. The Dutch financial group believes the ruling in its favor will allow it more time to spin off its insurance operations in two separate initial public offerings. A ruling in favor of the Amsterdam-based bank may also reduce premium it is required to pay for the state aid that it had received. ING also sold its U.S. unit ING Direct USA in a $9 billion deal with Capital One, as part of the terms of the rescue package.
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