EU to boost competition in banking, car insurance

Newswire

By Huw Jones BRUSSELS, Nov 20 (Reuters) - Making it easier to switch bank accounts, giving everyone a right to basic banking services and more competition in car insurance form part of plans unveiled on Tuesday to update the European Union's internal market. The executive European Commission wants to demonstrate how it can make people's daily lives better by tearing down barriers that have hindered competition in financial products such as insurance and mortgages for the bloc's 490 ...

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