january 10, 2019 - FCA Corporate

FCA Bank: Decision of the Italian Competition Authority on captive banks

On 9 th January #fcabank has been informed of the decision of the Italian Competition Authority issuing fines to the captive banks of all the major car manufacturers operating in Italy, along with the associations Assofin and Assilea, in connection with an exchange of information on car financing services allegedly in breach of competition rules. Whilst respecting the work of the Italian Competition Authority, #fcabank believes that the charges brought against it in the decision have no merits and will challenge the decision before the competent Administrative Court.