The European Union (EU) is an economic and political union of 27 member states that are located primarily in Europe.

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Key EU banking reform laws approved

European lawmakers on Tuesday approved key laws reforming the euro zone's banking sector, completing a "banking union" which will protect taxpayers from having to pay for costly bank bailouts in future.

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London bankers have more top earners

More than 3,500 bankers in Europe earned $1.36m or more last year after a big jump across the continent and in Britain, which had 12 times as many high earners as any other country.

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