The Swiss regulator FINMA forbade Saudi National Bank from increasing its ownership in Credit Suisse from 9.88% to around 40%, according to a story in
Category: Europe
Italy’s Eurovita bailout plan: 25 banks, 4 top insurers to provide $6.5b.
After months of negotiations to broker an agreement that also involves 25 banks, the top four insurers in Italy and Allianz of Germany have reached
The Dutch king apologizes for the “crime against humanity” on the 150th anniversary of the abolition of slavery.
At a ceremony to mark the anniversary of the abolition of slavery, Dutch King Willem-Alexander made a historic apology and begged for forgiveness. His speech
The Paris climate summit failed to endorse a $100b climate fund for developing countries.
The Paris Summit on Finance and Climate came up short of reaching an agreement to impose a charge on greenhouse gas emissions from international shipping.
KKR to buy PayPal’s buy-now, pay-later $44b loans in Europe, as red-hot inflation choked consumers.
PayPal said on Tuesday that private equity firm KKR has agreed to buy a sizeable amount of its buy now, pay later (BNPL) loans in
EU ravaged by cash-for-influence scandal, resorts to use of common ethics body.
Following the cash-for-influence crisis that rocked the 27-nation bloc last year, the executive arm of the European Union on Thursday suggested the establishment of an
France is at the forefront of Europe’s energy transition by launching 4 EV battery gigafactories.
It was an epiphany for French President Emmanuel Macron. The leader of Taiwan’s ProLogium pulled out a pair of scissors in a lavish ballroom at
18 EU countries reject levy on Big Tech to fund 5G rollout and broadband in the region.
The majority of EU nations have rejected a move by Europe’s large telecom operators to compel global internet giants like Google to contribute to regional
ECB warns that top EU banks are prone to runs if non-bank financial institutions are hit by a crisis.
The European Central Bank cautioned on Tuesday that the top banks in the eurozone may suffer if their financial clients, including funds, insurers, and clearing
EU alleges rip-off of retail investors by banks and insurers on financial products; to streamline costs.
To promote investment and improve the efficiency of its capital market, the European Union unveiled measures on Wednesday to reduce the prices that ordinary investors
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