U.K. Watchdog Fines Global Banks Over Information Sharing on Government Bonds
The competition regulator fined Citi, HSBC, Morgan Stanley and Royal Bank of Canada $132 million after a probe into the ...
HSBC and other banks fined after using chat rooms to discuss gilt trades
Employees at Citi, HSBC, Morgan Stanley and Royal Bank of Canada all unlawfully exchanged information about the buying and ...
U.K. Competition Watchdog Targets Faster M&A Reviews
The regulator plans to speed up its decision-making on multi-billion pound deals after coming under pressure help boost the ...
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CMA finds mega £762m deal “likely to reduce competition” - logistics giant disagrees and describes assessment as “disproportionate”
The Competition and Markets Authority (CMA) has found that global logistics giant GXO Logistics' purchase of Wincanton is ...
Four banks fined £100m after traders shared sensitive information in chat rooms
The Competition and Markets Authority said the traders were in one-to-one chat rooms and discussing trades in UK Government gilts in the years following the financial crisis ...
HSBC and three other banks told to pay out £100million
The Competition and Markets Authority (CMA) said that Citi would pay around £17.2 million, HSBC would pay £23.4 million, ...
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BCD and Amex GBT Lead the Corporate Travel Market 'By Far,' UK Regulator Reveals
The UK Competition and Markets Authority found that BCD and Amex GBT are the two strongest companies in corporate travel, ...
GXO Logistics’ Wincanton Deal Likely Reduces Competition, U.K. Antitrust Regulator Says
Warehouse supplier GXO Logistics’ purchase of rival Wincanton would likely reduce competition and raise costs for U.K. grocers, the U.K.’s antitrust regulator said.The Competition and Markets ...
Competition chair told by ministers to help ‘maximise’ UK investment
Former Amazon executive Doug Gurr was installed at the Competition and Markets Authority last month after ministers ousted ...
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UK Competition and Markets Authority employs AI to detect bid-rigging in public procurement
The UK Competition and Markets Authority ( CMA) is trialling an artificial-intelligence ( AI) tool aimed at detecting ...
Global Business Travel Group's CWT Bid Won't Hurt Competition, U.K. Regulator Says
GBT and CWT's deal was announced in March 2024, prompting the CMA to open its merger probe on July 30. It is also being scrutinized in the U.S., where the Department of Justice filed a lawsuit to ...
U.K Competition Watchdog Probes Safran, Collins Aerospace Deal
The U.K competition watchdog launched an investigation into French aerospace-industry supplier Safran's proposed purchase of a part of Collins Aerospace's actuation and flight control business.