There’s a good reason that breaking up tech giants is the nuclear option: It’s a deterrent. If everything works as planned, you should never have to do it. European Union antitrust chief Margrethe Vestager and internal market commissioner Thierry Breton announced a range of new tools to tackle the excesses of the West Coast’s finest, including the ability to dismantle ...

The European Central Bank (ECB) is due to update its guidance for next year on how banks handle their capital buffers. There has been an effective ban on dividends and stock buybacks since July and extreme moderation urged on banker pay. While the ECB review might lift the cap on shareholder payouts partially, banker compensation is trickier. A slew of ...

Bloomberg China injected cash into the financial system by offering medium-term loans, in the government’s latest effort to ensure the country’s banks have sufficient liquidity. The People’s Bank of China (PBOC) added 950 billion yuan ($145 billion) of one-year cash via the medium-term lending facility, more than offsetting the 600 billion yuan that matures in December. That’s the fifth straight ...