AdC, the anti trust
authority in Portugal, has carried out searches on certain banks to determine if any of them have violated competition rules regarding exchange of commercial information affecting markets.
Yet this anti trust
case could have a profound effect on future competition policy at the cutting edge of sophisticated technology -by preventing firms using their monopoly power to squeeze out rivals and thus deny consumers real choice.
According to a Reuters report, the European Central Bank has suggested that the EU anti trust
chief be given the power to shut down weak banks that are surviving on central bank aid.