Apple accused of distorting music streaming market
By Mark McSherry European Commission regulators have accused Apple of distorting competition in the music streaming market “as it abused its dominant position for the…
April 2021
EU fines banks €28m for bond-trading cartel
By Mark McSherry The European Commission said it fined Bank of America Merrill Lynch, Crédit Agricole and Credit Suisse a total of €28.49 million for…
Dutch insurer NN mulls €300bn asset manager sale
Dutch insurance firm NN Group has announced it is considering the sale of its asset management arm, NN Investment Partners, which has around €300 billion…
EU fines railway companies €48m for cartel
The European Commission said it has fined railway companies Österreichische Bundesbahnen (ÖBB) of Austria, Deutsche Bahn (DB) of Germany and Belgium’s SNCB a total of…
Bank of Ireland shares up 9% on potential KBC deal
Shares of Bank of Ireland rose about 9% on Friday after it announced it is exploring the acquisition of “substantially all” of Belgian financial group KBC’s…
Europeans want privacy, security with digital euro
The European Central Bank (ECB) has published a comprehensive analysis of its public consultation on a digital euro. The analysis confirms that what the public…
EU to borrow €800bn by 2026 for recovery fund
The European Commission has announced it plans to borrow around €800 billion by the end of 2026 — at the rate of around €150 billion…
Veolia agrees €13bn deal to buy Suez, ending battle
Veolia has agreed in principle to acquire Suez in a merger deal worth roughly €13 billion after months of bitter fighting between the two French waste and…
Columbia Threadneedle adds $124bn European assets
Columbia Threadneedle Investments parent firm Ameriprise Financial, Inc. said it signed a definitive agreement with Toronto based BMO Financial Group (BMO) to acquire its Europe,…
Sweden’s Trustly targets €9bn valuation in IPO
Swedish payments firm Trustly said on Monday it intends to list its shares on the Nasdaq Stockholm exchange in a deal that analysts said could…
EU liquidity concern on €6.8 trillion alternative funds
The European Securities and Markets Authority (ESMA), the EU securities regulator, has published its third annual statistical report on the Alternative Investment Fund (AIF) sector,…
Norway fund buys €1.3bn Ørsted wind farm stake
Norges Bank Investment Management (NBIM) has announced that Norway’s $1.3 trillion sovereign wealth fund has made its first direct investment in a renewable energy infrastructure. The fund…
EU approves €4bn state aid for Air France-KLM
The European Commission has approved plans by the government of France to grant up to €4 billion for the recapitalisation of Air France through its…
Credit Suisse in $4.7bn Archegos hit as Warner leaves
Switzerland’s Credit Suisse said on Tuesday it will take a 4.4 billion Swiss franc ($4.7 billion) writedown connected to its exposure to US-based hedge fund…