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Following the High Court judicial review last month, which was lost by the United Kingdom banks’ representative the British Bankers Association (BBA), Lloyds Banking Group has decided take an immediate GBP3.2bn (USD5.2bn) payment protection insurance (PPI) provision. The judgment, handed down by the High Court in London on April 20, endorsed the approach taken by [...]

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Chairman, Jon Leibowitz, has issued the 2011 Annual Report of the United States Federal Trade Commission (FTC), highlighting the agency’s continued efforts to promote competition during the economic downturn. “Over the past year, the FTC has challenged unscrupulous business practices and anticompetitive mergers, shut down shady operations and deceptive marketing campaigns, and protected consumers’ privacy [...]

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