Mastercard Says In August, Got Formal Request For Information From Ec On Probe Into Alleged Anti-Competitive Behavior Of Some Card Scheme Services In EU/EEA
Portfolio Pulse from Benzinga Newsdesk
Mastercard received a formal request for information from the European Commission in August regarding an investigation into alleged anti-competitive behavior of certain card scheme services in the EU/EEA.
October 31, 2024 | 2:38 pm
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NEUTRAL IMPACT
The investigation into Mastercard's practices may indirectly affect the Vanguard FTSE Europe ETF, which includes European financial services companies.
While VGK is not directly involved, the ETF includes European financial services companies that could be affected by broader regulatory actions in the sector.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
Mastercard is under investigation by the European Commission for potential anti-competitive practices in the EU/EEA. This could lead to regulatory scrutiny and potential fines.
The investigation by the European Commission into Mastercard's practices could result in regulatory actions or fines, which may negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100