Italian Antitrust Officials To Probe Barclays Bank

Law360, New York (October 14, 2008, 12:00 AM EDT) -- Italian antitrust regulators are investigating British bank Barclays Bank PLC for allegedly barring Italian borrowers from transferring mortgages or renegotiating the terms.

A spokeswoman for Barclays told Law360 on Tuesday that the bank is cooperating with the probe by the Italian Competition Authority, but declined to comment further on the matter.

Borrowers are permitted to transfer loans or modify payment terms under Italian regulations, according to Reuters.

Italian Competition Authority officials could not be reached for comment on Tuesday.

This spring, Italian antitrust chief Antonio Catricala...
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