A year after UK authorities relaxed rules to allow new banking market entrants in efforts to boost competition, reports say five new banks have already emerged, with more to follow.
According to the UK’s Financial Conduct Authority and the Bank of England, more than two dozen banking applicants have so far …read more
As Europe launches an investigation into several member states and several major conglomerates about their tax relationship, reports say the probe has widened to include Amazon and its operations in Luxembourg.
Last June, the European Commission launched an investigation into Apple and its relationship with Ireland. The probe is looking at …read more
The Federal Communications Commission has announced its choice to lead the review of the proposed merger between Comcast and Time Warner Cable.
According to reports, FCC attorney Hillary Berchuk will head the team that will review the deal. Her deputy will be Wireline Competition Bureau Bill Dever, according to reports.
The FCC …read more
An activist hedge fund has sparked rumors of a possible buyout of pet retailer PetSmart after it announced that it is encouraging the store to sell itself.
Reports say Jana Partners filed a notice with the Securities and Exchange Commission that revealed it is PetSmart’s largest shareholder with a 9.9 percent …read more