We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close
Lead Story Picture
Italy's antitrust regulator said it has started preliminary proceedings against Google over claims the internet giant is abusing its dominance in the market for smart-device operating systems. (AP)

Italy's Antitrust Watchdog Looks Into Google App Dominance

The Italian Competition Authority said Friday it has opened an investigation into Google Inc. over allegations it is abusing its dominant market position in the smart-device sector.

Top Stories

EU Forex Rigging Case Opens The Door To Litigation Wave

The expansion of U.S. plaintiffs firms into Europe means that five major banks fined €1.07 billion ($1.2 billion) Thursday for rigging the multitrillion-dollar foreign exchange market may be about to face a wave of costly follow-on claims in the region.

Hedge Funds Can't Split Trial In $15M Reed Smith Deal Suit

A London judge on Friday ruled against bifurcating a trial brought by three insolvent hedge funds alleging Reed Smith LLP wrongly forwarded their portion of a $15.7 million settlement in another case to the U.S. to satisfy a separate court order.

Zurich Can Seek Prison Sentence For Lying Rock Singer

Swiss insurance giant Zurich can ask a criminal court to imprison an ageing rock-and-roll singer for lying about the underlying causes of his hearing loss in a claim for damages, a London appeals court said Friday.

UBS Worker Tells Jury She Was Just 'Nosy' About M&A Deals

A former UBS compliance officer accused of passing inside information on potential takeovers to her trader friend told a London jury Thursday that she had looked up confidential information simply because she was curious and wanted to know what deals should be on her radar.

Ex-Oil Co. Employee Must Face Kickbacks Suit In London

A London appeals court ruled that a former Yukos employee must face the energy giant's claims that he took kickbacks from financial institutions in the English courts instead of in the Netherlands, holding that an earlier settlement giving Dutch courts jurisdiction did not apply.

UK, Dutch Authorities Launch Probe Into Biodiesel Trading

Britain's top white collar cop said Thursday it is investigating biodiesel trading operations at a U.K. energy supplier and other entities alongside its counterparts in the Netherlands.

EU Fines 5 Banks €1.07B For Rigging FX Trades

Five major banks including Royal Bank of Scotland and Barclays have been fined more than €1 billion ($1.2 billion) for allegedly colluding in the trade of large sums in foreign-exchange markets, the European Commission announced Thursday.

Broker Who Paid Exec For Deutsche Deals Claims No Bribery

A former brokerage firm director testified Wednesday that he "didn’t see it as bribery” when he gave a Dutch housing executive a cut of fees from Deutsche Bank for derivatives deals the company entered into — which ended up costing the property provider €840 million ($940 million).

Financial Services


Insurance


Corporate Crime & Compliance