The European Commission said Tuesday it has fined Mastercard Inc. €570 million ($648 million) for denying merchants access to payment services outside their home countries in breach of the bloc’s antitrust rules.
International insurers sought answers on Tuesday as to whether they can cover policyholders' huge fines following a cyberattack, as they look to reap new business in the wake of Europe’s sweeping data protection regime.
An English appeals court has rejected an attempt by several participants in a joint North Sea oil and gas venture to force Marathon Oil to foot the entire bill for a pensions deficit of approximately £68 million ($88 million), after a lower court ruled they had to cover little more than half the amount.
The U.K. stewardship code, which sets out how fund managers should hold the companies they invest in to account, is to undergo a major overhaul, the Financial Reporting Council told lawmakers on Tuesday.
Danske Bank AG is facing the threat of a lawsuit over a €200 billion ($230 billion) money laundering scandal after a litigation funder said Tuesday it intends to back a shareholder action against the Danish lender.
The Financial Conduct Authority and The Pensions Regulator should step up their collaboration to protect savers from unscrupulous financial advisers, an independent review recommended on Tuesday after a misselling scandal at the British Steel Pension Scheme.
Britain's auditing watchdog said Tuesday it is carrying out a second investigation into how accounting firm KPMG audited the books of U.K. construction outsourcing company Carillion PLC, which collapsed a year ago.
Prime Minister Theresa May said Monday that her government will not rule out leaving the European Union without a deal and will not seek an extension of the March 29 departure date, despite continued parliamentary resistance to her draft withdrawal agreement.
A group of approximately 300 investors has filed a class-action lawsuit in London against the private banking arm of HSBC PLC alleging they were misled about investments they made in the film industry between 2003 and 2007, which were later described as tax avoidance by the U.K.’s tax authority.