Edition:
United Kingdom

John O'Donnell

EU must present united front to shield pandemic-hit banks: regulator

25 May 2020

FRANKFURT European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc's top regulators said on Monday, potentially using a 500 billion euro ($545 billion) EU recovery fund to do so.

Regulator asks for Credit Suisse directors' mobile data in spy inquiry: sources

19 May 2020

FRANKFURT/ZURICH Swiss regulators have requested electronic messaging data from the mobile phones of several Credit Suisse managers and supervisory board directors as part of a probe into spying at the bank, three people familiar with the matter said.

Exclusive: Europe nears crisis plan for public stakes in key companies - sources

13 May 2020

LONDON/FRANKFURT/BRUSSELS EU officials are seeking to finalise a plan for public stakes to be taken in key European companies to shield them from the economic fallout of the COVID-19 pandemic, three sources familiar with the matter told Reuters.

Coronavirus could hit banks hard, EU warns

12 May 2020

BRUSSELS/FRANKFURT Euro zone lenders could take a sizeable hit from the coronavirus outbreak as an economic slowdown puts strain on borrowers, European officials have told the bloc's governments in a recent report.

Corona-Virus erhöht das Infektionsrisiko für Banken

07 Apr 2020

Frankfurt, 06. April Den deutschen Banken kommt in der Bekämpfung der Corona-Krise eine besondere Bedeutung zu: Sie sollen die ins Straucheln geratenen Unternehmen mit Krediten versorgen, die wiederum zum Großteil vom Staat garantiert sind.

As Germany reels from coronavirus, some officials debate impact on banks

06 Apr 2020

FRANKFURT As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche Bank AG and Commerzbank AG, will be able to weather the economic fallout of coronavirus without state help.

Explainer: How sham trades tricked Germany out of billions

21 Mar 2020

BONN Two British bankers were handed suspended jail sentences on Wednesday and one told to pay a 14 million euro penalty in Germany's biggest post-war fraud trial of a scam involving multi-billion-euro trades to get bogus tax reclaims.

British banker hit with 14 million euro penalty in German fraud trial

21 Mar 2020

BONN/FRANKFURT Two British bankers were handed suspended jail terms on Wednesday and one a 14 million euro (12.8 million pounds) penalty in Germany's biggest post-war fraud trial of a scam involving multi-billion-euro trades to get bogus tax reclaims.

RPT-EXPLAINER-How sham trades tricked Germany out of billions

19 Mar 2020

BONN, March 18 Two British bankers were handed suspended jail sentences on Wednesday and one told to pay a 14 million euro penalty in Germany's biggest post-war fraud trial of a scam involving multi-billion-euro trades to get bogus tax reclaims.

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