WHAT THE OTHER PAPERS SAY THIS MORNING March 13, 2011 FINANCIAL TIMES GREEK BANK SCUPPERS HOPES OVER DEAL Alpha Bank, Greece’s third-largest lender, has killed hopes of a merger deal with larger rival National Bank of Greece, scotching the push by regulators and the government for the country’s troubled banking sector to strengthen itself through consolidation. RETAILERS RUN OUT OF IPAD 2 WITHIN HOURS Many [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 13, 2011 FINANCIAL TIMES GREEK BANK SCUPPERS HOPES OVER DEAL Alpha Bank, Greece’s third-largest lender, has killed hopes of a merger deal with larger rival National Bank of Greece, scotching the push by regulators and the government for the country’s troubled banking sector to strengthen itself through consolidation. RETAILERS RUN OUT OF IPAD 2 WITHIN HOURS Many [...]
Tchenguiz lawyer confident the tycoons will bounce back March 10, 2011 ONE of the Tchenguiz Brothers’ long-standing lawyers last night predicted the pair would bounce back from their travails at the hands of the Serious Fraud Office (SFO) following their lengthy questioning by police officers on Wednesday. Sarosh Zaiwalla, whose firm acted for them for three years until the end of last year, said: “The SFO [...]
Mayfair tycoons: We will clear our name March 9, 2011 ENFORCEMENT THE Tchenguiz brothers were held for questioning for over 12 hours by the Serious Fraud Office yesterday after being arrested in connection with the collapse of Icelandic bank Kaupthing. Vincent and Robert Tchenguiz were among seven men arrested in a series of dawn raids across London. The brothers were both released without charge last [...]
Former Kaupthing bosses are among those arrested March 9, 2011 TWO other men understood to have been arrested in London as part of the investigation into the Kaupthing collapse are Armann Thorvaldsson, former head of Kaupthing’s UK business and Sigurdur Einarsson, who was Kaupthing’s London-based executive chairman and chief executive. Einarsson briefly featured on Interpol’s wanted list before travelling back to Iceland to be grilled [...]
Mike Ashley in clear after Sports Direct fraud probe March 9, 2011 SPORTS Direct yesterday said none of its employees were now under investigation by the Serious Fraud Office as it also gave details of a £220m refinancing package. In March 2010 the Competition Commission formally cleared Sports Direct’s acquisition of 31 stores from struggling rival JJB Sports and in October 2010 the Serious Fraud Office (SFO) [...]
Tchenguiz brothers arrested in bank collapse probe March 9, 2011 Tycoons Vincent and Robert Tchenguiz are among nine people arrested in police raids connected with a probe into the collapse of Iceland’s Kaupthing bank. Britain’s Serious Fraud Office (SFO) said it coordinated the raids that took place at 12 addresses in London and Reykjavik and involved 135 police officers and SFO investigators. Seven men aged [...]
Sports Direct in clear after fraud probe March 9, 2011 Sports Direct, Britain’s biggest sporting goods retailer, said none of its employees were under investigation by the Serious Fraud Office as it detailed a £220m refinancing. “We can confirm that no individuals connected to Sports Direct International are under investigation,” the firm, controlled by Newcastle United soccer club owner Mike Ashley, said on Wednesday. In [...]
Clarity on plea bargaining is needed February 8, 2011 WHATEVER the final shape of the Bribery Act, which was once again delayed last week, one area that needs to be clarified is the question of plea bargaining. A number of cases have sown confusion in the minds of British businesses. Clarity on plea bargaining is now sorely needed. The confusion dates to July 2009 [...]
What the other papers say this morning January 30, 2011 FINANCIAL TIMES BANKS WATCH BARCLAYS’ COCO PLANS Big banks on both sides of the Atlantic are weighing whether to follow Barclays as it pushes ahead with a plan to pay bonuses with innovative bonds, dubbed cocos. According to several banks present at last week’s World Economic Forum in Davos, the idea of using contingent convertible [...]