European Commission

EU gives big banks $2.3 billion slap over rate rigging

Dec 4, 2013
The European Commission has hit a half dozen big banks, including Deutsche Bank and JPMorgan Chase, with a record $2.3 billion fine for colluding to rig two benchmark lending rates that set the price of money between banks
Posted In: European Commission, European Union, big banks

EU officials investigate Apple over sales tactics: Report

May 27, 2013
The European Commission is looking into whether Apple uses unfair tactics that hurt competition, according to the Financial Times.
Posted In: apple, Europe, Tech, European Commission, anti-trust

In face of debt crisis, EU asks for budget increase

Nov 19, 2012
While most EU governments have been forced to freeze or cut their spending drastically, the European Commission is asking for a six percent budget increase.
Posted In: UK, European Commission

European economic outlook grows darker

Nov 7, 2012
The storm clouds are gathering over the European economy. The European Commission says the economy in the European Union will shrink this year and that next year it will only barely grow.
Posted In: Europe, European Union, European Commission

European Commission recommends banking union

May 30, 2012
The European Commission has recommended today that banks in the eurozone create a union to help regulate and bolster failing banks.
Posted In: Europe debt crisis, spain, European Commission

Euro banking union could reduce Spanish burden

May 30, 2012
The European Commission recommended today that Europe bring its banking system into closer union, so that stronger parts of the EU can help out weaker links without disrupting individual governments.
Posted In: Europe debt crisis, spain, Germany, European Commission

Europe plans new rules for ratings agencies

Nov 15, 2011
The big credit ratings agencies -- S&P, Moody's -- faced enormous criticism in the United States for their role in the housing crisis. In Europe, many countries now say those same firms are feeding the debt crisis. So European regulators are pushing back.
Posted In: European Commission, Moody's