Week in review, May 18
Tony Hayward returns from the depths; Tata Steel writedown; Google turns up the challenge; European companies…
Ukrainian starts legal fight in London
Billionaire Pinchuk is suing two other magnates for alleged breach of contract and trust in case with privatised state iron-ore company at its heart European companies…
Mile-high bid to step up to a better class
Auctions seem a fine way of assessing a market in terms of willingness to pay but there always seems to be a higher bidder European companies…
EU bonus cap to catch more bankers
The bloc’s banking regulator has significantly widened the definition of staff affected by the clampdown to include anyone earning more than €500,000 European companies…
SocGen reaffirms commitment to Russia
French lender issues statement following news that the chief of Rosbank, in which it owns an 82 per cent stake, has been charged with bribery European companies…
European banks face tougher scrutiny
European Banking Authority says aim of the ‘asset quality review’ is to make sure capital ratios accurately reflects quality and riskiness of holdings European companies…
BNP US trader left after large loss
Lionel Crassier, the then New York-based US head of equities, left the French lender last year after a loss of between $ 10m and $ 25m European companies…
Court of appeal changes fraud sentences
Successful appeals come amid wider debate about correct penalties for white-collar criminals and ahead of guidelines on fraud sentencing due this summer European companies…
Restaurant Group becomes £1bn company
Owner of Frankie & Benny’s reveals improved margins and rising revenues, defying gloom afflicting many UK chain restaurants European companies…
China in innovation challenge to Europe
More than two-thirds of business leaders say in a survey that the Asian country would reach or pull ahead of the continent in innovation by 2023 European companies…
