The European Commission (EU) fined Barclays, Royal Bank of Scotland (RBS), HSBC and Credit Suisse a total of €344 million for colluding around foreign exchange, or forex, trading. UBS (United Bank of Switzerland) was also implicated in the EU probe but received full immunity for outing the forex cartels. … Read More
Facebook, now under the moniker Meta Platforms Inc, has been ordered to unwind a $400 million deal to purchase display advertising company Giphy, by the Competition and Markets Authority (CMA) in order to prevent a monopoly…. Read More
A former financial ombudsman will be allowed to file a £10 billion class action lawsuit against Mastercard on behalf of around 46 million consumers, following a reversal of course by the Competition Appeal Tribunal (CAT)…. Read More
Aldi, Asada, Tesco, Sainsbury’s, and other major UK retailers have recalled batches of cold and flu capsules made by Perrigo after discovering their store brand packaging lists an incorrect safe maximum daily dose amount for children…. Read More
Consumer advocates say they are “bitterly disappointed” after the Supreme Court blocked a class action lawsuit that fought for compensation for iPhone users whose phones were allegedly unlawfully tracked by Google…. Read More
A new Commons report blasts Britain’s handling of the coronavirus pandemic for leading to a higher death toll, leaving minority groups behind, and succumbing to “fatalism,” labeling it as “one of the most important public health failures” in the United Kingdom.
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The UK competition regulator has reportedly abandoned its efforts to get British Airways and Ryanair refunds for airline customers who were instead offered credits to rebook during the pandemic, saying it will take too long to bring to action and the outcome is not assured…. Read More
International passengers who were stuck onboard the Ruby Princess cruise ship during a COVID-19 outbreak will be allowed to join a class action lawsuit filed in regard to the incident, a federal judge in Australia ruled last week…. Read More
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