U.K. Watchdog Fines Global Banks Over Information Sharing on Government Bonds -- Update
The U.K.'s competition regulator is fining Citi, HSBC, Morgan Stanley and Royal Bank of Canada a total of 104.5 million pounds ($132.3 million) after a probe into the exchange of sensitive information ...
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 ...
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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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 ...
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 ...
Major banks including HSBC and Morgan Stanley fined for 'anti-competitive behaviour'
The Competition and Markets Authority (CMA) has handed out fines to the banks, as well as Royal Bank of Canada, after traders ...
Blow to Reeves as competition watchdog attacks £800m takeover
Rachel Reeves’s push to attract foreign investors has been dealt a blow after the UK’s embattled competition watchdog raised ...
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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, ...
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 ...
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GXO Logistics Responds to UK Competition and Markets Authority's Interim Report on Wincanton Acquisition
GXO Logistics, Inc., the largest pure-play contract logistics provider, announced its response to the UK Competition and Markets Authority's (CMA) Interim Report, which found no major competition ...
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 ...