login
login

Europe Daily Bulletin No. 10280

18 December 2010
Contents Publication in full By article 28 / 38
GENERAL NEWS / (eu) eu/competition
Commission investigation into aid for FHB Bank

Brussels, 17/12/2010 (Agence Europe) - On 16 December, the European Commission opened a detailed investigation into the restructuring of Hungarian bank FHB, which was given a loan of around €400 million in 2009 and a cash bailout of some €100 million by the Hungarian state. The Commission has doubts whether the aid was properly remunerated and not used for the expansion of the bank at the expense of its competitors, a suspicion raised by FHB's recent expansion and acquisition...

Contents

A LOOK BEHIND THE NEWS
EUROPEAN COUNCIL
THE DAY IN POLITICS
GENERAL NEWS
CALENDAR OF EVENTS
SUPPLEMENT