Winterkorn is forced to resign after it was revealed the company was guilty of manipulating diesel emission tests.
When former UBS and Citigroup derivatives trader Thomas Hayes was found guilty last month on all eight charges of conspiracy to manipulate Libor, it was the verdict heard around the world.
Dick Oskam, global head of sales for transaction services, ING, talks virtual bank accounts and blockchain technology.
Capital Markets | Mergers & Acquisitions
German auto manufacturers Audi, BMW and Daimler have acquired the Finnish company Nokia’s high-precision digital mapping service Here for €2.8 billion ($3.1 billion).
Martin Gilbert, chief executive at Aberdeen Asset Management, says diversification and globalization will see an ever-increasing number of businesses turn to outside portfolio managers.
Global Finance explores the tech future of Payments and branding with Deniz Devrim Cengiz, head of digital banking at Türk Ekonomi Bancasi (TEB), (BNP Paribas Turkey)
Global Finance talked with Reyer Kooy, head of institutional liquidity management, Europe, EMEA and Asia, for Deutsche Asset & Wealth Management—the top bank in GF’s ranking—about the shift in how companies invest.
BBVA’s President and COO Carlo Torres Villa on the explosive growth of online banking and mobile banking.
Newsmakers | Turkey
It has been said that ultimately all political careers end in failure, but until June 7, few observers were expecting this maxim to be true, quite yet, of Turkey’s president, Recep Tayyip Erdoğan.
Scotland still brings in more foreign direct investment than many larger countries. Last year it again headed the list of top UK destinations outside London.
Milestones | Iceland
Nearly seven years after introducing controls on capital movements, Iceland is planning to ease restrictions it put in place when the collapse of its banking system brought the country to the brink of financial meltdown.
Country Report | Portugal
Portugal’s economy is booming. Exports are up and unemployment is down. Insufficient capital investment is the last tough nut to crack, and the government is attacking it with gusto—and significant tax reform.
Management | Tax Policy
In an effort to clamp down on tax avoidance by multinationals, the European Commission has announced plans to revive a proposal to unify the corporate tax base across Europe.
United States | Verizon, one of the largest wireless providers in the United States, announced on May 12 that it will acquire AOL, a leading Internet pioneer and Web content provider, for $4.4 billion.
Trends | FX Commodities Q&A
Petr Grishin, head of macro research and chief economist for Eastern Europe at VTB Capital, discussed the ruble, oil prices and Russian trade with Global Finance.
United Kingdom | Many questions are still being asked about David Cameron’s dramatic win on May 7. How did opinion polls, which predicted a tight race between Conservatives and Labour and even a Labour win, get it so wrong?
Country Report | Spain
The era of absolute majorities in Spanish politics is over.
Country Report | Spain
Spain’s economic resurgence has exceeded even the most optimistic expectations. But how sustainable is it, given structural inefficiencies, stubbornly high unemployment and the threat of external shocks?
Milestones | United Kingdom
As Britons prepare for elections on May 7, the only certainty appears to be uncertainty, which looks set to continue until polling day—and maybe for some time after.