Brussels, 22/04/2005 (Agence Europe) - Between 1999 and 2004, the value of cross-border mergers in the financial sector reached 20% of the total value of mergers, according to the 2005 follow-up report for on financial integration which will be published in May. The Commission wants to know why in this sector the level of cross-border mergers is lower. “We now must understand why there is so little cross-border consolidation in the financial sector” declared Charlie McCreevy in a...