Luxemburg, 15/12/2006 (Agence Europe) - Eight major Austrian banks, acting in concert, had their appeals against sanctions imposed by the Commission for participating in a series of agreements and concerted practices between 1st January 1995 and 24 June 1998 rejected (joint cases T-259/02 to T264/02 and T271/02). The Commission found that the aim of the regular meetings of banks in Austria (“Bankenrunden”) was to hamper the free play of competition on the Austrian banking market,...