login
login

Europe Daily Bulletin No. 7944

12 April 2001
Contents Publication in full By article 30 / 55
GENERAL NEWS / (eu) eu/competition
Commission ends cartel proceedings against SNS after it changed its tariffs for exchanging Euro-zone currencies

Brussels, 11/04/2001 (Agence Europe) - The European Commission has decided to end cartel proceedings against Dutch bank SNS, belonging to banking/insurance group SNS Reaal, regarding conversion charges for Euro-zone currency. In August 2000, the Commission started proceedings against eight banks and insurance groups (including SNS) after it gathered evidence that the banks concerned had colluded to maintain conversion charges at certain levels to minimise losses caused by the introduction of...

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION