Luxembourg joins the many other members of the EU in allowing the relaxation of bank secrecy laws on deposits made in their country.
Legal & Regulatory
Google Commits Changes to Settle EU Probe - Source
Google Inc. has reportedly offered a final package of commitments that include some changes in its operations in a bid to settle a European Union antitrust investigation on alleged discrimination against its competitors, according to a source.
Greek Prime Minister Assures No Deposit 'Haircut'
Greek Prime Minister categorically says that the recapitalization has protected the Greek banks from a Cyprus like crash.
Royal Bank of Scotland Loses Appeal
A report from the Financial Times said that the RBS lost its case against the hedge fund Highland. The Financial Times in London reported that the Royal Bank of Scotland Group Plc lost its high-profile legal dispute against the U.
Russia Retaliates to US Imposed Ban
Russia bans US officials and other Americans as a response to the ban made by US officials in related to the Magnitsky incident.
Latest News
The U.S. Securities and Exchange Commission has adopted new rules that require stock brokerages, mutual funds and investment advisers to establish programs to help detect identity theft.
An activist shareholder has questioned Dell Inc.’s evaluation of a $24.4 billion leveraged buyout deal with buyout firm Silver Lake.
Canadian fertilizer company Agrium Inc defended the election of its entire slate of directors to the 12-man board as hedge fund Jana, Agrium’s biggest single shareholder, called for an investigation of the vote.
The Chinese government is now in a quandary as to the crackdown on corruption against the so-called princelings.
Liberty Global's acquisition of Virgin Media is approved by EU. An unconditional European Union clearance was provided to John Malone's Liberty Global for the bid for Virgin Media.
The Macquarie Capital purchase of Advantage is under review by antitrust regulators. US regulators are reviewing the consent decree that allowed Macquarie Group Ltd to purchase Advantage rental brand from Hertz Global Holdings.
CEDC files Chapter 11 bankruptcy and cedes control to Roustam Tariko. The Central European Distribution Corp of Poland has filed for a pre-packaged bankruptcy in its efforts to decrease its debt load.
UPS appeals EU decision to prohibit merger between TNT Express and UPS. The European Union regulator's decision to reject the Eur5. 16 billion bid by United Parcel Services for TNT Express NV would be appealed.
The merger of the National Bank of Greece and its subsidiary NFG Eurobank is suspended until further notice.
