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Brazil’s Itaú–RedeCard probe closed; Tribunal splits on ruling

By Maria Júlia Baumert ( December 18, 2025, 21:35 GMT | Comment) -- Councilors of Brazil's competition Tribunal unanimously agreed that Itaú holds dominant market power and that conditioning free receivables anticipation on bank domiciliation raises competition concerns, the ruling exposed deep disagreements on how to judge unilateral conduct, what counts as sufficient evidence, and what message the competition authority sends when a preventive measure halts a policy before harm materializes.Brazil’s antitrust Tribunal closed its probe into Itaú Unibanco and RedeCard last week, ending a six-year investigation into alleged bundling practices tied to the bank’s 2019 “D+2” program....

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