ING CFO steps down as backlash grows after $900 million money laundering fine
ING Groep’s Chief Financial Officer is to step down amid a public backlash after the Dutch bank admitted last week it had failed for years to prevent money laundering and agreed to a 775 million euro ($900 million) settlement with prosecutors.
Goldman banker had raised ethics concerns: NYT
A former Goldman Sachs Group Inc partner had raised concerns about some unethical practices at the bank before he left in 2015, the New York Times reported on Tuesday, citing people close to the matter.
Las Vegas is booming again, and bracing itself for next slump
Diane Han is trying to leave the Las Vegas of her childhood behind.
China seeks WTO backing for sanctions on U.S. over dumping duties
China will ask the World Trade Organization (WTO) next week for permission to impose sanctions on the United States, for Washington’s non-compliance with a ruling in a dispute over U.S. dumping duties, a meeting agenda showed on Tuesday.
China asks WTO for sanctions in U.S. trade dispute
China will ask the World Trade Organization next week for permission to impose sanctions on the United States, for Washington’s non-compliance with a ruling in a dispute over U.S. dumping duties that China initiated in 2013, a meeting agenda showed on …
Brexit cheer provides relief as world stocks hit by trade strain
Hopes of a UK-EU deal over Brexit kept the British pound near five-week highs on Tuesday, helping lighten the mood in Europe even though the ongoing trade dispute between Washington and Beijing kept world stocks trading just off three-week lows.
Cadbury owner Mondelez braces for hard Brexit, stockpiles products: the Times
Mondelez International Inc , the owner of Cadbury brand, is stockpiling ingredients, chocolates and biscuits in case of a no-deal Brexit, the Times reported https://bit.ly/2MjCYjJ on Tuesday, citing the president of Mondelez’s European division.
McDonald’s buns maker Aryzta strikes deal with banks ahead of capital hike
One of the world’s largest bakery companies, Aryzta, has agreed an underwriting deal with five banks, setting the stage for raising 800 million euros ($928.48 million) in new capital to strengthen its balance sheet.
Unilever single holding company shares to start trading in December
Consumer goods giant Unilever said simplifying its parent company structure from two UK and Dutch legal entities into a single holding company would conclude in December, when shares in the new firm would start trading.
ING CFO Timmermans to step down after $900 million money laundering fine
ING Groep said on Tuesday its Chief Financial Officer was stepping down amid a public backlash after the Dutch bank said last week it had failed to prevent money laundering for years, forcing it to strike a 775 million euro ($900 million) settlement w…
