Collusion

New Zealand's Banks Under Scrutiny for Climate Target Collusion

28 days ago

In a major development for the banking sector, New Zealand authorities have initiated an investigation into several banks over allegations of colluding to set climate targets. This probe marks a significant step in the government's efforts to uphold transparency and accountability within financial institutions in relation to climate change commitments.

Major Banks Reach $100 Million Settlement in UK Gilts Collusion Investigation

2 months ago

In a significant turn of events, four well-known banks have agreed to settle a case regarding collusion in the UK government bond market, known as gilts, for over $100 million. This agreement comes after various allegations claimed that these financial institutions engaged in coordinated practices that undermined market integrity and fair competition.

Justice Department Broadens Scope of RealPage Rental Collusion Investigation

3 months ago

In a significant development in ongoing efforts to combat alleged anti-competitive practices in the rental housing market, the U.S. Department of Justice (DOJ) has expanded its investigation into RealPage Inc. and its collaborative activities with property managers. The inquiry is centered on whether the software company, known for its tools that aid landlords in optimizing rent pricing, played a role in facilitating collusion among rental property owners.

House Panel Uncovers Evidence of Climate Cartel Collusion

4 months ago

In a significant and controversial development, a U.S. House panel has announced its findings regarding a so-called “climate cartel” allegedly involved in collusion to manipulate market conditions related to environmental regulations and climate change initiatives. This revelation comes amidst heightened scrutiny over how various industries respond to climate policies and calls for greater accountability in climate-related practices.