Italy Probes MasterCard, Banks On Interchange Fees

Law360, New York (August 3, 2009, 7:17 PM EDT) -- Italy's antitrust enforcer has launched a probe of MasterCard Inc. and eight banks — including the Italian units of Barclays PLC, BNP Paribas and Deutsche Bank AG — over suspicions that agreements on interchange fees may run afoul of the European Union's regulations on restrictive business practices.

The Autorita' Garante della Concorrenza e del Mercato announced its concerns regarding MasterCard — which holds a 35 percent to 45 percent share of the country's credit card market — major Italian banks Banca Monte dei Paschi di Siena...
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