Banking | Europe
In its first round of QE, the ECB said that the bonds of only seven European financial institutions were eligible—until further revision, which won’t happen until at least April 15.
with Jan Rasmussen, Nordea Markets
Banking | United Kingdom
In its 2014 annual report published in February, RBS announced that CIB, which includes global transaction services, will reduce its geographical footprint from 38 to 13 countries.
Trends | Global Banking
On the surface at least, Spain’s Banco Santander and Cloud storage providers do not appear to have much in common.
Capital Markets | Equity Capital Raising
Burgundy vineyard Domaine Chanzy expects to be the first company to conduct an initial public offering using crowdfunding, which enables companies to raise money from members of the public, typically via the Internet.
Trends | Bank Capitalization
As Spaniards returned from the Los Reyes Magos (Epiphany) holiday, Spain’s Santander, Europe’s biggest bank, sold the equivalent of nearly 10% of its capital in one day, raising €7.5 billion ($8.7 billion) in cash and bringing required ratios in line with those of the banking industry.
UK Corporate Tax | Trends
Britain likely will succeed in taxing multinational companies at a 25% rate on their UK operations beginning in April, without violating international tax treaties, analysts say, but tensions are rising between countries on suspicions that MNCs are engaging in global tax evasion.
Vatican | Newsmakers
René Brülhart, known as the “James Bond of the financial world” for his high-profile role in cases such as the return of assets from Saddam Hussein to post-war Iraq and the uncovering of the Siemens bribery scandal, has become chairman of the Vatican’s anti-money-laundering unit.
Shareholder Activism | Management
Shareholder activism—when investors in a company use their equity as a lever to pressure management—is booming and will grow dramatically on both sides of the Atlantic through mid-2016