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UK: New banks flood in to compete (Competition Policy International)

by 21st Century Competition | Jul 7, 2014 | Global Blogs

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...

EU: Commission’s tax probe amplifies to include Amazon (Competition Policy International)

by 21st Century Competition | Jul 7, 2014 | Global Blogs

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...

US: FCC names leaders for major media merger reviews (Competition Policy International)

by 21st Century Competition | Jul 7, 2014 | Global Blogs

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...

US: PetSmart urged to sell (Competition Policy International)

by 21st Century Competition | Jul 6, 2014 | Global Blogs

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...

France: Orange calls for rivals to succeed where it failed (Competition Policy International)

by 21st Century Competition | Jul 6, 2014 | Global Blogs

A week after wireless operator Orange failed to strike a deal with Bouygues and continue France’s market consolidation, reports say the firm is calling on its rivals to merge and encourage that consolidation. Orange CEO Stephane Richard has reportedly called on...
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