login
login

Europe Daily Bulletin No. 7850

27 November 2000
Contents Publication in full By article 19 / 37
GENERAL NEWS / (eu) eu/competition
European Commission suspects those participating in Austrian "Lombard Club" fixed euro-zone exchange charges

Brussels, 27/11/2000 (Agence Europe) - In the context of its inquiry aimed at verifying whether the banks of the euro area came to agreements on exchange rate charges (commissions charged to consumers for exchange operations), the European Commission sent a further Statement of Objections to certain Austrian banks. Those brought into question belong to the cartel known as the "Lombard Club", and are suspected of having had unlawful discussions on such commissions.

We recall that the...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
WEEKLY SUPPLEMENTS