US, Europe fray each other's nerves with company crackdowns

FRANKFURT - The U.S. is looking for multibillion penalties from Germany's biggest bank and its biggest carmaker. The European Union is demanding similarly large sums from America's most valuable tech company, Apple.

Both sides of the Atlantic appear to have become emboldened to crack down on big companies that are found to have misbehaved. Some analysts say it's a sign that governments, several of which have elections looming, are feeling political pressure to act against corporate wrongdoers.

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