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Barclays ‘gold’ equity research post-MiFID may cost $455,000

Bloomberg Barclays Plc’s clients may have to pay as much as 350,000 pounds ($455,000) to get the top service package from its equities analysts once free research is banned in Europe, the first price for stocks coverage to emerge from a major bank. The firm is proposing three levels of service — bronze, silver and gold — with the premium ...

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Mastercard wins dismissal of $18bn class action suit

Bloomberg A London judge rejected an application by a group representing 46 million consumers to pursue a lawsuit against Mastercard Inc. that would have been the largest of its kind since U.S.-style class actions were introduced in the UK. The 14 billion-pound ($18 billion) lawsuit initiated by Walter Merricks, a lawyer who once led the UK organization that handles consumer ...

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UBF launches unified platform for handling customer complaints

Abu Dhabi / Emirates Business The UAE Banks Federation (UBF), a professional body representing 48 member banks operating in the UAE, announced that it has secured support of the Central Bank for its initiative which aims at developing a unified framework for handling complaints of bank customers in the country. “The proposed framework was developed as part of UBF’s continued ...

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