The UK’s Competition and Markets Authority has said that the payday loan market is lacking competition and will therefore be investigated to help lower consumer costs.
The CMA announced Wednesday that customers pay too much for their payday loans because there is insufficient price competition in the market. The competition watchdog …read more
Japan-based Mitsubishi Heavy Industries could enter into a takeover bid with Germany engineering giant Siemens in efforts to acquire French turbine and train maker Alstom.
According to reports, Mitsubishi and Siemens could join forces against General Electric, which has offered to acquire the French company for $13.5 billion. In a joint …read more
Reports say German telecommunications giant Deutsche Telekom is likely to win a dismissal of an appeals case filed by the founders of rival Telegate, which is seeking $829 million in damages over claims Deutsche Telekom charged unfairly high prices for directory data.
According to reports, Telegate founders Klaus Harisch and Peter …read more
The Department of Justice announced Wednesday that a former executive at Japanese bank Rabobank has pleaded guilty for conspiring to manipulate the Yen LIBOR benchmark, reports say.
Takayuki Yagami was charged with one count of band fraud and one count of conspiracy to commit wire fraud, the regulator announced; he pleaded …read more