France widens tax investigation of Swiss bank UBS
PARIS (Reuters) – Swiss bank UBS has been placed under formal investigation for alleged complicity in suspected illegal sales practices, the French prosecutor’s office said on Friday, a week after the bank’s French business suffered the same fate.
Fiat won’t take on new debt to buy Chrysler stake: CEO
VENICE, Italy (Reuters) – Carmaker Fiat SpA does not need to take on any new debt to buy out the rest of Chrysler, Chief Executive Sergio Marchionne said on Friday, rebuffing concerns about the cost of the looming deal.
Japan says no panic over yen spike; few policy options
TOKYO (Reuters) – Japan’s government showed little concern on Friday to a spike in the yen, but the calm response masks a lack of solid policy options should the recently floundering currency surge further.
Credit Suisse may sell part of German private bank: source
ZURICH (Reuters) – Credit Suisse may sell part of its private bank in Germany, a source close to the bank said on Thursday, part of efforts to improve profits by focusing on the mega-rich rather than a larger “mass affluent” client base.
Dimon, other Wall St. titans make time for Ma ahead of Alibaba IPO
HONG KONG (Reuters) – The most anticipated IPO since Facebook has attracted lawyers, bankers and potential investors, showering China’s Alibaba with attention ahead of a stock offering that some say could exceed $15 billion.
Dollar, shares shaky ahead of U.S. jobs data
LONDON (Reuters) – The dollar was under pressure on Friday and shares were on track for a third straight week of losses as markets experienced an uneasy run-up to U.S. jobs data later in the session.
Exclusive: Forest braces for third bout with Icahn
(Reuters) – Forest Laboratories Inc is trying to avert yet another bitter proxy battle with billionaire investor Carl Icahn ahead of its annual investor meeting this summer, according to two sources familiar with the situation.
Depositors, senior lenders safe in EU bank restructurings: EC official
BRUSSELS (Reuters) – Depositors and senior debt holders would be shielded from losses in any bank restructurings ordered by the European Commission, a senior Commission official said on Friday, the latest attempt to reassure savers that they would not …
France widens tax probe of Swiss bank UBS
PARIS (Reuters) – Swiss bank UBS has been placed under formal investigation for alleged complicity in suspected illegal sales practices, the French prosecutor’s office said on Friday, a week after the bank’s French business suffered the same fate.
Europe’s carmakers fear EU-China trade war to hit auto sales
FRANKFURT (Reuters) – The European auto industry fears China could impose retaliatory trade duties on luxury cars imported from the European Union, should the EU Commission not back down over unfair trade practices in China.
