Mediobanca chief under investigation
A Milan prosecutor interrogates Alberto Nagel for six hours as part of probe linked to the four-way merger between Italian insurers FT.com – European companies…
Old hand guides Italy insurance shake-up
The merger of Fondiaria-Sai and Unipol to create a rival to Generali, the dominant insurer, has Mediobanca’s fingerprints all over it FT.com – European companies…
BMW signals ‘intense market competition’
German carmaker confirms full-year guidance as it continues to perform strongly, but shares fall amid investor unease over competitive environment FT.com – European companies…
European lenders take Libor scandal hit
Deutsche Bank and UBS, which are caught up in affair over alleged manipulation of key lending rates, reveal higher provisions and sharp profit falls FT.com – European companies…
Poker companies settle US fraud charges
Internet poker players are set to recover hundreds of millions of dollars under a settlement between the US government and two of the world’s biggest online gambling companies FT.com –…
Fiat’s US sales offset weak Europe
Italian carmaker reports a trading profit from all regions except crisis-hit Europe, with a strong performance from Chrysler in the US FT.com – European companies…
BBVA absorbs Spanish provisions
Investors cheered despite profits halving in first half as the Bilbao-based bank sets aside €1.4bn against bad domestic property loans FT.com – European companies…
Tui to appoint new chief executive
Friedrich Joussen, who led Vodafone’s German unit for seven years, will replace Michael Frenzel as the travel group’s new head in February 2013 FT.com – European companies…
Covered bonds make lending freeze intense
A jittery market, tougher liquidity requirements and the risks of relying on covered bonds compel financially strong banks to hide their cash FT.com – European companies…
AAR rejects proposed $1bn TNK-BP payout
Move by Russian billionaire partners to torpedo BP’s dividend proposal puts further pressure on the UK oil group to resolve dispute over the company FT.com – European companies…
