Italy Antitrust Opens Fees Probe On MasterCard, Banks
August 03 2009 - 11:33AM
Dow Jones News
Italy's antitrust authority Monday said it opened a probe to
determine whether MasterCard Inc. (MA) and seven banks operating in
the country violated competition rules when setting fees.
In its weekly bulletin, the Italian regulator said the banks
involved include the country's two largest banks, Intesa Sanpaolo
SpA (ISP.MI) and UniCredit SpA (UCG.MI). Barclays Bank PLC (BCS)
and Deutsche Bank (DB) are also targeted in the probe.
Italy's Autorita' Garante della Concorrenza e del Mercato, which
has the power to levy fines, said the probe would end by July
2010.
Antitrust Web site: www.agcm.it
-By Luca Di Leo, Dow Jones Newswires, +39 06 697 66921;
luca.dileo@dowjones.com