Italy’s BPM in €500m capital raising
At least five Italian midsized banks aim to raise new capital over coming weeks as they seek to boost balance sheets ahead of European stress tests European Companies News…
High-yield bonds boost Europe M&A hopes
French telecoms company Numericable’s record .7bn debt package to fund takeover SFR likely to inspire others to finance megadeals with junk European Companies News…
SAP innovation head Sikka exits abruptly
Executive in charge of innovation and product development cites personal reasons for unexpected decision to leave the software group European Companies News…
Generali to launch Mittelstand lending
Italian group poised to move into corporate loans by becoming latest big financial institution to target vast network of German small businesses European Companies News…
Rosneft sits on $20bn cash cushion
Russian oil company aims to reduce dependence on international debt and equity markets amid Ukraine crisis European Companies News…
Berlin housing law threatens sharing economy by restricting rents
Restriction on short-term letting of rooms may hit companies like Airbnb and follows injunction prohibiting Uber taxi-sharing service European Companies News…
Credit Suisse unit draws tax scrutiny
Emails and interviews show a former executive raised concerns with superiors and investigators about US-linked accounts at Clariden Leu European Companies News…
Danske Bank almost doubles its profits
Full-year net profit will hit upper end of previous DKr9bn-DKr12bn target once proceeds from the sale of the Nets payment company are included European Companies News…
BASF eyes US investment to tap shale gas
Methane-to-propylene conversion complex would supply US operations after shortages hit production of coatings, polymers and detergents European Companies News…
