The European Commission fines Barclays, RBS, Citigroup, JPMorgan and MUFG €1.07 billion for participating in foreign exchange spot trading cartels

ANTITRUST COUNTERS, ANTITRUST ENFORCEMENT, Cartels, EU, Fines, PUBLIC ANTITRUST ENFORCEMENT, SettlementsLeave a comment

On May 16th, 2019, the European Commission announced that it has entered into two settlements decisions with five banks (Barclays, The Royal Bank of Scotland, Citigroup, JPMorgan and MUFG), which have been fined €1.07 billion for taking part in two cartels in the Spot Foreign Exchange market for 11 currencies – namely Euro, British Pound,…

The European Commission fines AB InBev €200 million for restricting cross-border sales of beer

Abuse of Dominant Position, EU, Fines, Market PartitioningLeave a comment

On May 13th, 2019, the European Commission fined (AB InBev) more than €200 million for abusing its dominant position on the Belgian beer market by hindering cheaper imports of its Jupiler beer from the Netherlands into Belgium. AB InBev is the world’s biggest beer brewer. Its most popular beer brand in Belgium is Jupiler, which…