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Posts Tagged ‘investigation’

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BAA ordered to sell airports

July 19th, 2011 | Author:

Airport operator BAA has been ordered to sell Stansted Airport and either Glasgow or Edinburgh airports, it has been confirmed. BAA, which is majority-owned by Spain’s Ferrovial, has been under investigation by the Competition Commission since 2007. In its final ruling, the Commission said the sale of the airports was fully justified and the sale [...]

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UK Watchdog fines Goldman Sachs £20m

September 9th, 2010 | Author:

Investment banking giant Goldman Sachs has been fined £20 million ($31 million) by the UK’s Financial Services Authority (FSA). The fine comes after Goldman failed to inform the FSA it was under investigation for fraud by its US counterpart. The FSA and Goldman Sachs have declined to comment but according to the BBC, the multi-million [...]

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Lloyds/HBOS merger could be scrapped

August 9th, 2010 | Author:

According to the Daily Mail, the controversial takeover of HBOS by Lloyds could be scrapped if a Government investigation establishes it has damaged competition. The hasty takeover, which took place at the height of the financial crisis, created a banking giant but has been heavily criticised and has resulted in thousands of job losses because [...]

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Cash ISA transfers to speed up

June 29th, 2010 | Author:

Following an investigation into Individual Savings Accounts (ISAs), savers with a cash ISA should find it quicker to switch their money to a different provider.
The 90-day investigation, conducted by the Office of Fair Trading (OFT), came after Consumer Focus warned that cash ISAs are depriving savers of £3 billion in interest each year.
The consumer group [...]

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Travel agents sell rip-off insurance

May 25th, 2010 | Author:

Travel agents are selling rip-off travel insurance policies to British holidaymakers, Which? has claimed.
An undercover investigation by the consumer advice group found travel agents selling policies worth just £20 for up to £80.99.
Over half of the travel agents visited (17 out of 29) failed to provide basic details of the insurance policies they sold.
Six travel [...]

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