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Image header Agence Europe
Europe Daily Bulletin No. 11007
ECONOMY - FINANCE - BUSINESS / (ae) banking

Barnier takes inspiration from US-style banking

Brussels, 29/01/2014 (Agence Europe) - On Wednesday 29 January, the European Commission suggested banning 30 big European banks from proprietary trading (investing using own resources or borrowing at low interest rates by making use of the implicit state guarantee for “too-big-for-fails” and then investing in markets).

EU Internal Market Commissioner Michel Barnier said that, after the in-depth reforms of the financial industry, it is now time to deal directly with the risks that...

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