The insurer said it was in talks with regulators and creditors on restructuring the debt.
An Indonesian carmaker, Astra International, reached an agreement with a committee of its leading creditors, including Mizuho Holdings, UFJ Holdings, Sumitomo Mitsui Banking, ABN Amro and BNP Paribas, on restructuring more than $800 million in debt.
In August, Tishman Speyer suspended interest payments on $570 million in secondary loans related to the Carr buildings and began talks on restructuring $1.6 billion in senior debt; the negotiations continue.
Regulators should not have allowed the banks to speculate as they did; if anything, they should have required them to buy insurance – and then insisted on restructuring in a way that ensured that the insurance paid off.
The entire affair has cost Rupert Murdoch's News Corp more than £500m - including settlements, legal fees, loss of profits from closing the News of the World and a huge sum on restructuring the business to deal with the crisis.
Ian Whittaker, a media analyst at Liberum Capital in London, argued "The real shock will be on restructuring" and he recommended selling Pearson stock.
The documents are short, typically around two pages, and impose no real restrictions on restructuring.
The results were boosted by a £2.1 billion pension-related gain and a £3.8 billion gain on restructuring its own debt.
George Osborne, the UK chancellor, believes that expected recommendations on restructuring retail and investment banking groups by the Independent Commission on Banking are "going in the right direction", an aide insisted on Sunday.
ING also reported 329 million euros ($449 million) on restructuring costs and it booked an impairment charge of 361 million euros ($492 million) on direct real state investments and 290 million euros ($396 million) charged on troubled U.S. mortgage-backed securities.
