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Europe Daily Bulletin No. 8110

12 December 2001
Contents Publication in full By article 19 / 30
GENERAL NEWS / (eu) eu/competition
Five German banks receive fines

Brussels, 11/12/2001 (Agence Europe) - The Commission has fined five German banks an overall EUR 100.8 million for having colluded in fixing the charges for the exchange of euro-zone currencies. Commerzbank, Dresdner Bank and Bayerische Hypo- und Vereinsbank are fined EUR 28 million each, Deutsche Verkehrsbank EUR 14 million and Vereins- und Westbank EUR 2.8 million. The decision is part of a broad inquiry begun by the Commission at the end of 1999 on the behaviour of banks from seven...

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