Dutch privacy watchdog says Google breaks data law
AMSTERDAM (Reuters) – Google’s practice of combining personal data from its many different online services violates Dutch data protection law, the country’s privacy watchdog said on Thursday after a seven-month investigation.
Monte Paschi says cap increase deal with banks expires in January
MILAN (Reuters) – A preliminary commitment by banks to underwrite Monte dei Paschi’s 3-billion-euro ($4 billion) capital increase expires at the end of January, the Italian bank said in a document showing why it needs to press on with the cash call.
Venezuela central bank denies transactions with Wall Street
CARACAS (Reuters) – Venezuela’s central bank president denied on Thursday that the institution is carrying out any transactions with Wall Street banks, a day after a senior government source said it was evaluating a swap agreement involving its gold re…
Speedy Hire uncovers accounting problems, CEO steps down
LONDON (Reuters) – British construction equipment provider Speedy Hire said its chief executive was standing down and that the finance director of its international unit had been suspended after it uncovered accounting irregularities.
Renault-Nissan to build second engine with AvtoVAZ
BOULOGNE-BILLANCOURT, France (Reuters) – Renault-Nissan will build a second engine with Russian partner AvtoVAZ and aims to overcome a decline in Lada sales in a market set to overtake Germany within two years, Renault’s regional boss said on Thursday….
Eni may seek up to $10 billion from Statoil in gas dispute
ROME (Reuters) – Italian oil and gas group Eni said it may demand as much as $10 billion from Norway’s Statoil in arbitration in one of the biggest cases ever over expensive long-term gas contracts.
Co-op Bank loses customers after ex-chairman scandal
LONDON (Reuters) – Britain’s Co-operative Bank said it has lost current account customers as a result of a scandal involving its former chairman and a scheme that makes it easier for people to switch bank accounts.
Bank of England cuts mortgage support to avoid housing bubble
LONDON (Reuters) – The Bank of England moved to head off the risk of a housing bubble in Britain on Thursday, making a surprise announcement that it would put the brakes on a scheme launched last year to help boost mortgage lending.
No gold bars but higher salaries for London bankers with bonus cap
LONDON (Reuters) – In the 1990s, London-based investment banks rewarded top employees with gold bars, fine wine and oriental carpets to dent the impact of higher payroll taxes.
Exclusive: Ex-UBS banker Weil agrees to be extradited to U.S.
BOLOGNA, Italy (Reuters) – Raoul Weil, a former UBS banker charged by U.S. authorities five years ago for allegedly helping rich Americans dodge taxes via secret Swiss bank accounts, has agreed to go to the United States to face trial after being arres…
