One may find here carefully selected news around taxes, banking and corporate finance, compliance and various legal matters of all the jurisdictions we cover in our daily work.
Switzerland has frozen a total of 7.5 billion Swiss francs in Russian assets, in connection with the sanctions imposed over Russia’s war in Ukraine. The amount, which has been fluctuating for months, is nearly one billion francs more than the figure provided by the State Secretariat for Economic Affairs (SECO) in
Circumventing sanctions, such as the ones taken against Russia for its war on Ukraine, is to become a European Union crime, the Czech Presidency of the EU Council announced on Monday. EU countries “unanimously” adopted a decision to add the violation of restrictive measures to the list of “EU crimes” included
LONDON, July 22 (Reuters) – Britain’s government on Thursday unveiled a blueprint for returning NatWest (NWG.L) to majority private ownership within a year, more than a decade since bailing out the lender at the height of the global financial crisis. The finance ministry said it had instructed Morgan Stanley to sell NatWest
LONDON, July 22 (Reuters) – Britain’s government on Thursday unveiled a blueprint for returning NatWest (NWG.L) to majority private ownership within a year, more than a decade since bailing out the lender at the height of the global financial crisis. The finance ministry said it had instructed Morgan Stanley to sell NatWest
Landesbank Baden-Württemberg has signed a cooperation agreement with the Dutch FinTech venture TreasurUp. The aim is to introduce a digital solution for foreign exchange risk management, especially targeted at small and medium-sized corporate customers. LBBW will make this online hedging service available to both corporate customers of the Sparkassen-Finanzgruppe
H1 profit 5 billion pounds (2020: 1.3 billion) Bank launches 500 million pound buyback CEO says will stay around 2 more years Shares rise 3% LONDON, July 28 (Reuters) – Barclays (BARC.L) will pay out more than a billion dollars in dividends and buybacks to shareholders after beating first-half profit forecasts
Longest streak of quarterly profit since 2012 Shares open higher but early gains fizzle Investment banking revenue drops as expected FRANKFURT, July 28 (Reuters) – Deutsche Bank (DBKGn.DE) on Wednesday delivered a fourth consecutive quarterly profit for the first time in nearly a decade and raised its revenue outlook despite a
LONDON, July 22 (Reuters) – Britain’s government on Thursday unveiled a blueprint for returning NatWest (NWG.L) to majority private ownership within a year, more than a decade since bailing out the lender at the height of the global financial crisis. The finance ministry said it had instructed Morgan Stanley to sell NatWest
Blockchain and crypto projects that raised millions of dollars via tokenized crowdfunding means are now lining up to return their capital to their original investors. Because apparently, they were not allowed to raise funds in the first place. The Securities and Exchange Commission (SEC) has gone after these startups for reportedly
From 2019, interested parties can apply for the new FinTech licence. The Swiss Financial Market Supervisory Authority FINMA is responsible for granting this licence. It has published guidelines aimed at simplifying the application process. To boost innovative financial companies, the Swiss parliament has introduced the new FinTech licence (persons under
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