[ad_1] Italian Prime Minister Giorgia Meloni softened her tone on plans to impose a windfall tax on banks and on her right-wing administration’s activism in the corporate arena, after a…
Tag: European Central Bank
UBS to Buy Credit Suisse in $3.3 Billion Deal to End Crisis
[ad_1] UBS Group AG agreed to buy Credit Suisse Group AG in a historic, government-brokered deal aimed at containing a crisis of confidence that had started to spread across global…
Credit Suisse Is No More. What Went Wrong?
[ad_1] Switzerland’s role as banker to the world’s rich was built on a reputation for institutional discretion and dull reliability. That only made the scandals, public legal battles and mounting…
BOE Rate Decision, Sunak Testifies: Sunday UK Briefing
[ad_1] Follow us at @BloombergUK and on Facebook, and wrap up your day with The Readout newsletter. Hello again. Here’s what we’re taking about heading into the new week, the…
Italy Offers Banks Get-Out Clause on Divisive Windfall Tax
[ad_1] Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. The Italian government modified a controversial windfall tax on banks, giving lenders…
Germany Is Probably Still Stuck in Recession, Ifo’s Fuest Says
[ad_1] Another poor reading in Germany’s business sentiment this month points to the likelihood that Europe’s biggest economy may still be stuck in recession, according to Ifo President Clemens Fuest.…
Germany’s DAX touches fresh record high
[ad_1] PARIS: Germany’s benchmark index scaled a fresh all-time high on Wednesday after disappointing industrial orders data in the euro zone’s largest economy supported bets of a swift run in…
Italy’s Economy Grew More Than Anticipated in First Quarter
[ad_1] Italy’s economy grew more than anticipated at the start of the year, driven by household spending. Gross domestic product rose 0.6% in the three months through March, from a…
German Economy Stalled in Second Quarter, Weighed Down by Trade
[ad_1] Business confidence in Germany took another hit in August, despite the economy just exiting a recession in the second quarter. The Ifo institute’s sentiment gauge dropped to 85.7 from…
Switzerland, Banks in Talks About New Measures to Prevent Bank Runs, Reuters Says
[ad_1] Swiss authorities and some of the country’s lenders including UBS Group AG are in talks about new measures to prevent bank runs, Reuters reported Thursday, citing four unnamed sources.…