Business

EU seeks to make mega-banks less risky

By Juergen Baetz
Published January 29, 2014 3:29pm ET
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EU seeks to make mega-banks less risky
European Commissioner for Internal Market and Services Michel Barnier addresses the media at the European Commission headquarters in Brussels, Wednesday, Jan. 29, 2014. The European Union's executive arm on Wednesday presented a long-awaited financial market reform meant to defuse risk-taking by the largest banks and protect taxpayers from the potential costs of rescuing them. (AP Photo/Yves Logghe) | Yves Logghe

BRUSSELS (AP) — The European Union’s executive arm presented a long-awaited financial market reform Wednesday to defuse risk-taking by the largest banks and protect taxpayers from the potential costs of rescuing them.

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