Antitrust Antitrust

Ten banks see French antitrust fines annulled by Supreme Court

By Matthew Newman
  • 29 Jan 2020 13:04
  • 29 Jan 2020 16:51

Fines against 10 banks in France, including Banque Postale and Crédit Agricole, were annulled today by the French Supreme Court, which sent their challenge of an antitrust penalty for fixing fees on check processing back to a Paris appeal court for another review.

The appeals stemmed from a French Competition Authority

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Matthew Newman

Chief Correspondent

Matthew Newman is a chief correspondent for MLex and writes about data protection, privacy, telecoms, cyber security and artificial intelligence. Matthew began his journalism career in 1991 in community newspapers. He worked as a reporter in Riga, Latvia in 1993 and then moved to Chicago where he covered local news. In 1995, he became a personal finance reporter for Dow Jones Newswires, and was then transferred to Brussels in 1999. He specialized in EU regulatory affairs, including trade and telecom issues. He began covering competition for Bloomberg News as an EU court reporter in 2004. In 2010, he was named spokesman for Viviane Reding, the EU’s justice commissioner. In January 2012, he helped launch the commission’s proposal to overall data protection rules.

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