European Commission

bank street

KPMG says EU bank reforms should be shelved

Audit firm KPMG has written to Europe’s largest lenders saying a European Commission plan to separate banks’ consumer and investment-banking arms should be shelved, Bloomberg reported on Thursday. ... Read More

Bulgarian Government Urged to Solve Banking Crisis

Bulgaria is dealing with its worst banking crisis since the 1990’s as the European Union and international investors have issued warnings about the fate of one of the country’s ... Read More

Statement by the European Commission, ECB and IMF on the Fifth Review Mission to Cyprus

Staff teams from the European Commission (EC), European Central Bank (ECB), and the International Monetary Fund (IMF) visited Nicosia during July14-25, 2014 for the fifth review of Cyprus’s economic ... Read More
Company logo shown at headquarters for Oracle Corp shown in Redwood City

EU regulators to decide on Oracle, Micros deal by Aug. 29

European Union antitrust regulators will decide by Aug. 29 whether to clear world No. 2 software maker Oracle Corp’s (ORCL.N) $5.3 billion bid for Micros Systems (MCRS.O), the European ... Read More

EU’s Juncker says countries should get incentives to reform, warns on U.S. trade pact

Euro zone countries should get financial incentives if they make ambitious economic reforms, the designated candidate to become the president of the European Commission said on Tuesday. Speaking to ... Read More
European Central Bank

Improvements to EU Merger Control Rules in the Offing?

The European Commission has launched a public consultation on proposals to improve merger control at EU level outlined in a White Paper. The reform of the Merger Regulation in ... Read More

EU approves conditional Telefonica deal

Telefonica SA (TEF) won European Union approval to merge its German unit with Royal KPN (KPN) NV’s E-Plus after it pledged to bolster smaller rivals and divest spectrum, the ... Read More

European Commission steps in to help Bulgarian banks

The European Commission has approved a request from Bulgaria to provide funding for some of the country’s biggest banks. The Commission extended a credit line of 3.3bn levs ($2.3bn; ... Read More

Spain To Slash Income Tax Rates

The Spanish Cabinet on June 20, 2014, approved reductions to corporate and individual income tax rates to boost investment and employment. Under the changes, the corporate tax rate will ... Read More

China Blocks European Shipping Pact, Sending Maersk Down

A.P. Moeller-Maersk A/S (MAERSKB) said it is working on alternative plans to cut costs and address overcapacity in the freighter market after Chinese regulators unexpectedly blocked formation of a ... Read More
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