Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

UBS Board of Directors authorizes settlements of LIBOR-related claims with US and UK authorities; Swiss regulator to issue order

Posted on 21, December 2012 by

UBS agrees to pay approximately CHF 1.4 billion1 in fines and disgorgement to US, UK and Swiss authorities to resolve LIBOR-related investigations. As part of a proposed agreement with the US Department of Justice (DoJ), UBS Securities Japan Co. Ltd. (UBSSJ) … Read the full press release →

Posted in Banks, Business, Financial, Government, Switzerland, United Kingdom

Mergers: Commission opens in-depth investigation into proposed acquisition of Mach by Syniverse

Posted on 21, December 2012 by

Brussels, 21-12-2012 — /europawire.eu/ — The European Commission has opened an in-depth investigation under the EU Merger Regulation into the proposed acquisition of Mach of Luxembourg by Syniverse of the US. Roaming is the sending and receiving of calls, SMS and data … Read the full press release →

Posted in Belgium, Business, European Union, Financial, Government, Law, Technology, Telecom

Neuer Vorstandsvorsitzender der Deutschen Kreditbank AG ab 1. Januar 2013

Posted on 21, December 2012 by

Stefan Unterlandstättner folgt auf Günther Troppmann Berlin, 21-12-2012 — /europawire.eu/ —  Der Aufsichtsrat der Deutschen Kreditbank AG, Berlin, (DKB) hat in seiner heutigen Sitzung Stefan Unterlandstättner mit Wirkung zum 1. Januar 2013 zum neuen Vorstandsvorsitzenden der DKB berufen. Der 50-jährige Unterlandstättner gehört … Read the full press release →

Posted in Banks, Business, Financial, Germany, Management

EU responds swiftly to new influx of Palestinian refugees to Lebanon

Posted on 21, December 2012 by

Brussels, 21-12-2012 — /europawire.eu/ — The European Commission announced today the release of an additional € 2 million to provide emergency humanitarian assistance to Palestinian refugees arriving from Syria in Lebanon. “I want to praise the generosity of the people of Lebanon … Read the full press release →

Posted in Belgium, European Union, Financial, Government, Society

Request for conversion of AB Volvo Series A shares

Posted on 21, December 2012 by

21-12-2012 — /europawire.eu/ — On December 13, 2012, AB Volvo received a request for the conversion of 110,048,945 Series A shares to Series B shares. Furthermore, AB Volvo’s largest shareholder, Renault s.a.s., announced that the company has divested all of its … Read the full press release →

Posted in Automotive, Business, Financial, Investment, Sweden

EIB and DKB finance investment in sustainable energy projects

Posted on 21, December 2012 by

21-12-2012 — /europawire.eu/ — For projects in the energy sector there is financial support from the European Investment Bank (EIB). The EIB and Deutsche Kreditbank AG (DKB) signed another global loan, for EUR 200m, at DKB’s head office in Berlin. The credit … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Germany, Investment, Technology

UK hotel transaction market slows in H2 2012

Posted on 21, December 2012 by

Transactions in H2 2012 significantly behind that of H1 2012; Single assets continue to dominate; London accounts for over half of total investment value; Lack of debt financing remains an ongoing constraint. 21-12-2012 — /europawire.eu/ — Hotel transaction activity across the … Read the full press release →

Posted in Business, Financial, Travel, United Kingdom

Dexia – New member of the Board of Directors

Posted on 21, December 2012 by

Brussels, Paris, 21-12-2012 — /europawire.eu/ — The Board of Directors of Dexia SA, who met on December 14, 2012 under the chairmanship of Mr. Robert de Metz, has taken note of the decision of Mrs. Francine Swiggers to end her mandate … Read the full press release →

Posted in Banks, Belgium, Business, Financial, France, Management

Declaration sur Dexia

Posted on 21, December 2012 by

Joaquín Almunia — Vice President of the European Commission responsible for Competition Policy  Conférence de presse / Bruxelles, 21-12-2012 — /europawire.eu/ — Je suis heureux de vous annoncer mon intention de proposer à la Commission d’approuver le plan de résolution ordonnée de Dexia. … Read the full press release →

Posted in Banks, Belgium, Business, European Union, Financial, Government, Investment

New EU support for businesses in Jordan

Posted on 21, December 2012 by

Brussels, 21-12-2012 — /europawire.eu/ — The European Commission and the High Representative of the EU for Foreign Affairs and Security Policy have announced new funding for Jordan which will provide additional support for sustainable and inclusive growth and economic development, particularly for … Read the full press release →

Posted in Belgium, Business, European Union, Financial, Government, Small Business

Broadband for rural areas: financed by the EIB and WIBank

Posted on 21, December 2012 by

21-12-2012 — /europawire.eu/ — The European Investment Bank (EIB) is providing a EUR 80m loan to Wirtschafts- und Infrastrukturbank Hessen (WIBank) for the roll-out of broadband services. The promotional bank of the Federal State of Hessen will on-lend the funds to … Read the full press release →

Posted in Banks, Business, European Union, Financial, Internet & Online, Investment, Telecom

Deloitte comment on Local Government Finance Settlement for 2013/14

Posted on 21, December 2012 by

21-12-2012 — /europawire.eu/ — Commenting on the Local Government Finance Settlement for 2013/14, Phil Holt, local government advisory partner at Deloitte, the professional services firm, said: “The latest Local Government Finance Settlement will add to the great pressures already facing local … Read the full press release →

Posted in Business, Financial, Government, United Kingdom

EIB bolsters entrepreneurship in Turkey with EUR 100 million in tandem with ING

Posted on 20, December 2012 by

20-12-2012 — /europawire.eu/ — The European Investment Bank (EIB) entered today in a EUR 100 million agreement with the ING Bank Turkey A.S. in favour of small and medium sized enterprises (SMEs) and mid-sized companies (mid-caps) in Turkey. This is the … Read the full press release →

Posted in Banks, Business, European Union, Financial, Investment, Small Business, Turkey

Swiss National Bank opens branch in Singapore

Posted on 20, December 2012 by

Zurich, 20-12-2012 — /europawire.eu/ — Against the background of the sharp expansion in foreign exchange reserves and the growing importance of Asian financial markets, the Swiss National Bank (SNB) has decided to open a branch in Singapore, to ensure a more efficient … Read the full press release →

Posted in Banks, Business, Financial, Investment, Switzerland

EIB supports upgrade of Warsaw Metro with EUR 139 million

Posted on 20, December 2012 by

20-12-2012 — /europawire.eu/ — The European Investment Bank (EIB) is lending PLN 555 million (some EUR 139 million) to finance the purchase of new rolling stock for Warsaw’s metro. The EIB loan will support the purchase of 35 metro trains and foster … Read the full press release →

Posted in Automotive, Banks, Business, European Union, Financial, Investment, Poland, Transportation & Logistics

Deloitte comments on release of FATCA guidance notes

Posted on 20, December 2012 by

20-12-2012 — /europawire.eu/ — HMRC has issued draft guidance notes on the UK FATCA Intergovernmental Agreement together with its response to the FATCA Consultation Document. Chris Tragheim, tax partner at Deloitte, said: “Financial services companies have been awaiting this draft guidance so that they can … Read the full press release →

Posted in Banks, Business, Financial, Government, Law

EIB approves EUR 500 million for trade finance in Greece

Posted on 20, December 2012 by

20-12-2012 — /europawire.eu/ — The EIB Board approved a new financing instrument for the first time for Greece. This instrument will allow the Bank to provide trade finance support to Greece for an amount of up to EUR 500 million. President Hoyer … Read the full press release →

Posted in Banks, Business, European Union, Financial, Greece, Investment

Deloitte Update on Comet (in Administration)

Posted on 20, December 2012 by

20-12-2012 — /europawire.eu/ — In the absence of an acceptable offer for the whole of the business, the Joint Administrators of Comet can confirm that the remaining 35 stores will close today.  A small team will be retained to support the … Read the full press release →

Posted in Business, Financial, Law, Society, United Kingdom

STAGECOACH IN £4MILLION NEW BUS DELIVERY FOR WIGAN

Posted on 20, December 2012 by

• New vehicles introduced only weeks after takeover from First Group • 31 new buses to go into operation in local communities • Unlimited weekly travel on Stagecoach buses in Wigan to cost just £9 20-12-2012 — /europawire.eu/ — Stagecoach is taking delivery of … Read the full press release →

Posted in Business, Financial, Transportation & Logistics, Travel, United Kingdom

State aid: Commission opens in-depth investigation into payment of dividends by Caixa Geral de Depósitos

Posted on 20, December 2012 by

Brussels, 20-12-2012 — /europawire.eu/ — The European Commission has opened an in-depth investigation to examine whether a payment of dividends in September 2012 by Caixa Geral Finance Limited, an affiliate of Caixa Geral de Depósitos (CGD), is in line with EU State … Read the full press release →

Posted in Banks, Belgium, Business, European Union, Financial, Government, Investment, Law, Politics, Portugal