EU Commission

EU Commission charges three banks with rigging

By Foo Yun Chee

European Union antitrust regulators charged Europe's biggest bank HSBC, US peer JPMorgan and France's Credit Agricole on Tuesday with rigging financial benchmarks linked to the euro, exposing them to potential fines.

The European Commission also said it would charge broker ICAP soon for suspected manipulation of the yen Libor financial benchmark.

Bulgaria Faces 'Pilot' Procedures from EC over South Stream, EDCs

The EU Commission has launched a "pilot' procedures against Bulgaria over Sofia's legal amendments regarding the South Stream pipeline and plans to suspend the EDC's licenses.

Despite not being of "penal" essence, the procedures could prompt further measures by the Commission following their results, according to the Bulgarian National Radio.

EC President Bidders Meet in Last TV Debate

The five EU Commission President candidates clashed Thursday evening in a televised debate in the European Parliament chamber in Brussels.

It was their last meeting ahead of the upcoming European elections next week and also the first in which Greek leftist coalition SYRIZA's leader Alexis Tsipras, the European Left Party nominee, took part.

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