Banking

(Bloomberg) -- A European Union push to integrate its banks is at risk of being subsumed by conflicting plans by national governments that would make a banking union less attractive, a senior official warned Tuesday. EU member states last week put forward a proposal that includes making it easier to wind down smaller lenders that are in trouble. The package on the so-called crisis management and deposit insurance legislation would be a key step toward building a deeper system more akin to the US.But EU financial regulation chief Mairead McGuinness said...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ukraine formally started EU accession talks on Tuesday, more than a decade after pro-western demonstrations in Kyiv called for the country to join the bloc despite Russian threats and the invasions that followed.EU ministers met Ukrainian officials in Luxembourg to mark the beginning of a process that is set to take years but which marks a hugely symbolic moment for a country fighting off Russia’s full-scale invasion, now in its third year....

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Brussels has accused Microsoft of anti-competitive behaviour by bundling its Teams app with its Office suite, in the first such antitrust charges brought against the tech group in more than a decade. The European Commission on Tuesday handed the world’s most valuable public company a charge sheet outlining concerns that Microsoft had given the video conferencing app Teams an “undue advantage”, harming rivals such as Slack and Zoom.  The charges are the...