Stock Market

Mediobanca, traditionally the investment bank of choice for Italian business but which has sought to internationalise and expand its funding base by developing a retail franchise, provides another perspective on the Italian banking landscape

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ZURICH (Reuters) – Swiss Finance Minister Hans-Rudolf Merz will sign a tax deal with his German counterpart next week critical to the future of Switzerland’s $2 trillion (1.2 trillion pound) wealth management industry, Swiss news agency SDA reported on Sunday.

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Crédit Agricole has been accused of fraud by investors in three US subprime mortgage-backed investment products set up by the French bank that it is claimed were built to fail

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Italian bankers are in a fix. During the financial crisis, Italy’s banks fared far better than their peers in Europe and the US, owing to a culture of conservative lending and wariness of complex financial instruments. But as their peers in Europe and US now recover, it is Italian bankers who face tough decisions

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DUBAI (Reuters) – A Dubai court restarted a fraud trial against two former executives of Dubai Islamic Bank (DIB) on Sunday having changed their status to government officials, making a stricter punishment more likely.

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Italy’s big banks are shaping up to cut dividends sharply as they try to avoid joining the fledgling trend among European peers to raise fresh equity

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LVMH likes to call itself “the world’s leading luxury products group”, and as such, even a minority stake in what is generally regarded as the world’s greatest luxury brand, Hermès, must have seemed an irresistible addition to the portfolio

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SINGAPORE (Reuters) – Singapore Exchange is likely to offer as much as A$8.4 billion (5.3 billion pounds) for Australian bourse operator ASX Ltd, a source said, a move which could mark Asia-Pacific’s first major consolidation of exchanges.

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MILAN (Reuters) – Italian carmaker Fiat would perform better without its loss-making Italian plants, Chief Executive Officer Sergio Marchionne told an Italian TV show on Sunday according to Italian news agency ANSA.

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Bernard Arnault, France’s richest man and LVMH chairman, has bought a 14.2% stake in rival luxury goods group Hermès International for €1.45bn but insists he is not seeking control of the Dumas-family controlled company

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