NordLB set to strike asset deal
German group is to unveil a capital instrument that may prove to be a blueprint for state-owned banks struggling to comply with tough capital demands FT.com – European companies…
EU lays charges over price fixing of disc drives
Brussels alleges cartel of 13 manufacturers illegally co-ordinated bids in competitions run by two computer makers FT.com – European companies…
European insurers – under the cosh
Insurance companies have fared better than banks but the eurozone shambles is punishing insurers for their sovereign and bank debt exposure FT.com – European companies…
KPN hit by falling revenues
Results paint sombre picture for the Dutch telecoms company after a turbulent quarter in which it failed to block America Movil from acquiring 28 per cent of its shares FT.com…
Eurotunnel shrugs off unit’s cost concern
Jacques Gounon, chairman and chief, dismisses Europorte’s spending, saying he expects the rail freight subsidiary to break even early next year FT.com – European companies…
Monte dei Paschi turnround has no plan B
Italy’s third-largest bank by assets will lose its independence if the five-century-old institution does not meet its targets, says chairman FT.com – European companies…
Spanish banks – queasy response
Investors no longer trust lenders, regulators or Madrid and so rejected anything with a Spanish flavour until a short-selling ban arrested the slide FT.com – European companies…
London’s banks and miners lead broad flight from risk
Fresh flight from risk pushes FTSE 100 below 5,600, with only five stocks higher, leaving benchmark index on course for worst loss since late June FT.com – European companies…
Insurers eye high-risk assets
Low interest rates are a headache for life insurers offering guaranteed returns and with investment income damped they are seeking higher returns FT.com – European companies…
Europe’s banks stage US retreat
Holdings have tumbled by $ 540bn from a $ 1.51tn peak in September 2007 amid bank failures, asset writedowns and the sale of loans and businesses FT.com – European companies…
