Bankers win in €50m Dresdner bonuses trial May 9, 2012 MORE than 100 City bankers are set for a €52m (£41.8m) bonus payout after winning a landmark High Court case against their former employer. Commerzbank was wrong to deny the payouts to 104 investment bankers at Dresdner Kleinwort, which it bought in 2009, Mr Justice Owen said. The ruling will send tremors through London and [...]
Bankers win in €50m Dresdner bonuses trial May 9, 2012 MORE than 100 City bankers are set for a €52m (£41.8m) bonus payout after winning a landmark High Court case against their former employer. Commerzbank was wrong to deny the payouts to 104 investment bankers at Dresdner Kleinwort, which it bought in 2009, Mr Justice Owen said. The ruling will send tremors through London and [...]
Banks start IPO marketing for Brunello Cucinelli March 28, 2012 BANK of America Merrill Lynch and the Italian bank Mediobanca yesterday began the investor marketing for the forthcoming flotation of Brunello Cucinelli, the premium cashmere clothing line. The founder (pictured), who runs the eponymous brand, has decided to float in Milan even though other premium brands such as Prada or Graf diamonds have preferred a [...]
Surging exports outstrip rising imports to boost euro growth April 16, 2012 THE EUROZONE’S trade with the rest of the world showed surprising strength in February, driven by French and German exports of cars and machinery, official figures showed yesterday. However, imports remained relatively weak as European households struggled through the bloc’s economic slump. Exports from the 17 countries surged 11 per cent to give a trade [...]
Surging exports outstrip rising imports to boost euro growth April 16, 2012 THE EUROZONE’S trade with the rest of the world showed surprising strength in February, driven by French and German exports of cars and machinery, official figures showed yesterday. However, imports remained relatively weak as European households struggled through the bloc’s economic slump. Exports from the 17 countries surged 11 per cent to give a trade [...]
Euro crisis back with a vengeance April 10, 2012 FEARS over the future of the Eurozone reignited yesterday, sparking a collapse in stock markets and a sharp upturn in borrowing costs for struggling Mediterranean states. Yields on Spanish and Italian government bonds soared throughout the day, reversing the recent calming downward trend that had been temporarily achieved with a €1 trillion (£824bn) refinancing operation [...]
Euro crisis back with a vengeance April 10, 2012 FEARS over the future of the Eurozone reignited yesterday, sparking a collapse in stock markets and a sharp upturn in borrowing costs for struggling Mediterranean states. Yields on Spanish and Italian government bonds soared throughout the day, reversing the recent calming downward trend that had been temporarily achieved with a €1 trillion (£824bn) refinancing operation [...]
EURO FEARS SPARK ROUT IN MARKETS May 14, 2012 MARKETS plummeted across Europe yesterday as fears mounted that Greece may leave the Eurozone, driving a mass sell-off as investors fled risky assets. Shares dropped sharply, while peripheral governments saw borrowing costs jump. European leaders openly acknowledged the prospect of the country leaving the euro, while Greece’s political leaders failed even to meet last night [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 29, 2012 FINANCIAL TIMES DIMON DISMISSES REGULATORY THREAT JP Morgan Chase executives have told investors the bank will prosper even after the implementation of new regulations as they maintained profit targets and dismissed talk of a historic threat to Wall Street’s business model. “I’ll be damned if we don’t have record profits for the next year or [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 29, 2012 FINANCIAL TIMES DIMON DISMISSES REGULATORY THREAT JP Morgan Chase executives have told investors the bank will prosper even after the implementation of new regulations as they maintained profit targets and dismissed talk of a historic threat to Wall Street’s business model. “I’ll be damned if we don’t have record profits for the next year or [...]