CARACAS Portugal is investigating alleged appropriation of funds belonging to Venezuelan state oil company PDVSA [PDVSA.UL] that were channelled through now-defunct Portuguese bank Banco Espirito Santo between 2009 and 2014, PDVSA said on Saturday.
FRANKFURT German insurer Allianz said it had agreed to sell its 90 percent stake in private bank Oldenburgische Landesbank (OLB) to U.S. private equity firm Apollo for 300 million euros (264.2 million pounds).
PARIS BNP Paribas said it will cut 640 jobs by end-2020 in its French retail bank via natural attrition, as part of a wider management reshuffle for a business grappling with low interest rates and stringent regulation.
MILAN Italy's biggest retail bank Intesa Sanpaolo on Wednesday set tough conditions on an offer to buy the healthy assets of two Veneto-based banks, part of efforts to prevent European authorities from stepping in to wind them down.
Nike Inc's shares rose as much as 2 percent after Goldman Sachs said the world's biggest sportswear maker could be close to selling directly on Amazon.com Inc , raising competition for brick-and-mortar sporting goods retailers.
Nike Inc's shares rose as much as 2 percent after Goldman Sachs said the world's biggest sportswear maker could be close to selling directly on Amazon.com Inc, raising competition for brick-and-mortar sporting goods retailers.
MADRID Spain's market regulator is investigating if there is proof of insider trading in Banco Popular in the lead up to its bailout by Santander, president of the CNMV Sebastian Albella told financial newspaper Expansion.
LONDON Criminal charges over Barclays' fundraising in the 2008 financial crisis add to the bank's legal battles in key markets just as rivals are leaving their troubles from that period behind.
LONDON The Serious Fraud Office has defied critics who accuse it of failing to pursue top executives by criminally charging Barclays and four former senior managers, a month after the ruling party pledged to abolish the crime-fighting agency.
LONDON Bank of England Governor Mark Carney doused speculation that he might soon back higher interest rates, telling bankers on Tuesday that he first wanted to see how the economy coped with Brexit talks in coming months. | Video