German finance minister warns against letup in regulating banks: paper
BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble wants governments to keep scrutinizing the banking sector despite complaints that they have already gone far enough, daily Handelsblatt reported.
FSI values Versace at 1.1 billion euros: sources
MILAN (Reuters) – Italy’s state-backed fund Fondo Strategico Italiano (FSI), one of the bidders for a minority stake in Versace, is willing to put in an offer valuing the whole fashion house at 1.1 billion euros ($1.5 billion), people familiar with the…
Exclusive: U.S. plans new bank fraud cases in early 2014 – attorney general
WASHINGTON (Reuters) – The U.S. Justice Department plans to bring mortgage fraud cases against several financial institutions early in 2014, using as a template the case that ended last month in JPMorgan Chase & Co’s $13 billion settlement, U.S. Attorney General Eric Holder said on Wednesday.
Exclusive: Morgan Stanley, UBS hired to run Applus+ IPO – source
LONDON/MADRID (Reuters) – The private equity owner of Applus+ has picked Morgan Stanley and UBS to oversee a stock market listing of the Spanish industrial testing firm, a person familiar with the matter said on Wednesday.
Fed says employers stepped up hiring in parts of country
WASHINGTON (Reuters) – U.S. employers stepped up hiring in some parts of the country in October and early November as the economy expanded at a “modest to moderate pace,” the Federal Reserve said on Wednesday.
Fed could delay rate hikes with inflation ‘floor’: Fed study
SAN FRANCISCO (Reuters) – The Federal Reserve could bolster its commitment to ultra-low interest rates by ruling out a rate hike until inflation heads closer to its 2-percent goal, according to research published Wednesday by the Cleveland Fed.
U.S. court questions Google defense against Oracle over Android
WASHINGTON (Reuters) – A U.S. appeals court on Wednesday closely questioned Google’s claim that Oracle does not enjoy copyright protection over certain parts of the Java programming language.
Barclays spinout eyeing up to $1 billion for debut fund
Dec 4 (peHUB) – A new firm formed by former distressed debt executives from Barclays is preparing to hit the fundraising trail in search of about $1 billion, according to two people with knowledge of the situation.
Spain aims to close sale of nationalized NCG bank by year-end
MADRID (Reuters) – A sale of nationalized Spanish bank NCG Banco, a former savings bank based in the north-western region of Galicia, should be wrapped up by the end of the year, the head of Spain’s bank restructuring fund Fernando Restoy said on Wedne…
Investor campaign against Telecom Italia board gains traction
MILAN/ROME (Reuters) – An activist shareholder campaign to reform Telecom Italia won traction on Wednesday as influential proxy adviser ISS recommended institutional investors back a proposal to remove the company board at a meeting on December 20.
