US and Switzerland reach tax evasion accord
Participation comes at heavy cost for Switzerland’s lenders, which will have to provide details of cross-border business and, in some cases, pay heavy fines European Companies News…
L’Oréal boss triggers talk of Nestlé deal
L’Oréal chief executive downplays speculation that it could buy back a €22bn stake in the cosmetics maker from Swiss food group Nestlé European Companies News…
Win-win deals: double V-sign
Investors should remember that mutually beneficial deals may appear possible in the short term but time tends to shine a crueller light European Companies News…
Banks get ready to feel the penalty pain
Three years ago a $ 550m settlement between Goldman Sachs and SEC was a mountainous enforcement action – now it is a foothill in a far grander range European Companies…
US sets out deal for Swiss banks
Banks signing up will be able to seek non-prosecution agreements or receive confirmation from the US that they are not a target for investigators European Companies News…
Retail gold buyers are raising the bar
Purchases appear to be more motivated by distrust of banking systems and concern about capital controls than they are by fear of inflation European Companies News…
Swiss police seize BSGR documents from Onyx
Move part of an investigation by Guinea’s government into whether bribes were paid when BSGR was given the license for a concession at Simandou European Companies News…
Banks braced for colossal mortgage costs
A lawsuit launched two years ago to demand compensation for soured mortgage securities is proving more costly than feared by even the most pessimistic bank executives and lawyers European Companies…
Hermès hails ‘nice’ rise in profits
Luxury goods group continues to defy difficult economic environment as Asia sales outside Japan rise 17% – boosted by ‘great vitality’ in China European Companies News…
KPN foundation blocks Slim’s €7.2bn bid
Foundation exercises call option that issues new preferential shares to give it a stake of nearly 50 per cent of group, putting takeover out of reach European Companies News…
