HSBC chief urges EU bank bailout scheme
Gulliver calls for a ‘EuroTarp’ scheme similar to that in the US to facilitate the injection of state equity into undercapitalised lenders FT.com – European companies…
Italy orders Eni to sell Snam stake
Energy group to spin off at least 25.1% of holding to state financing agency CDP within 18 months – and the rest later – in bid to boost competition FT.com…
Spain to inject €19bn into Bankia
The Spanish government is preparing to invest up to €19bn into Bankia in a restructuring that could see Madrid owning up to 90% on the lender FT.com – European companies…
Irish turf cutters flout EU ban
It’s the start of the turf cutting season and plot owners on Mouds Bog are involved in a standoff with the Irish and European authorities FT.com – European companies…
Head of Vatican’s bank ousted
Bank’s lay board gave Ettore Gotti Tedeschi, who had been under investigation by Italian authorities, a no-confidence vote for failing to carry out duties FT.com – European companies…
Italians recycle family gold
Italy is set to be a leading supplier of recycled bullion as economic crisis and high metal prices push Italians to sell their family jewels FT.com – European companies…
Air France to slash staff numbers
French flag carrier to split short and medium-haul operations into three new units as part of a restructuring plan aimed at restoring profit FT.com – European companies…
Swiss fine BMW for overseas purchase ban
Luxury carmaker is to appeal a SFr156m fine after complaints that Swiss nationals had been prevented from buying BMWs from foreign dealers FT.com – European companies…
Silver Lake in €1bn Global Blue deal
Buyout gives the US firm access to the growing market of luxury purchases by international travellers and would be one of Europe’s top PE deals this year FT.com – European…
Paxman recounts ‘hacking lesson’ lunch
BBC presenter claims former Daily Mirror editor Piers Morgan explained to him how to hack mobile phone messages nearly a decade ago FT.com – European companies…
