The chief executive of Europe's largest newspaper publisher has accused Google of abusing a monopoly position in the digital economy to discriminate against competitors and build up a "superstate".
One of the last remaining conditions the EU attached to the £45bn rescue of Royal Bank of Scotland has been removed in a step the chancellor said would help to get back taxpayers' money in the bailed out bank.
From a corner conference room overlooking the Thames, Michael Sherwood, a vice chairman of Goldman Sachs, has the guts to voice publicly what many in London’s centuries-old financial district are increasingly worried about behind closed doors: that threats to Britain’s membership in the European Union are threats to British business.
UBS is poised to receive immunity from European Union currency-rigging fines after it was the first to approach regulators in the probe, according to a person with knowledge of the case.
Societe Generale will seek shareholder permission to pay bonuses amounting to twice bankers’ salaries after the European Union imposed caps on variable compensation.
Russian companies have made $180bn in deals globally in the past two years, providing steady profits to London bankers, lawyers, and image crafters as the city has become a hub for such transactions. Sanctions being imposed by the U.S. and European Union threaten that business.
New York replaced London as the world’s leading financial centre for the first time, after the City was rocked by a series of scandals and questions over the U.K.’s place in the European Union.
JPMorgan and HSBC are said to face a European Union complaint as soon as next month as the bloc’s antitrust chief races to fine a quartet of financial companies that snubbed rate-rigging settlements.
One of the architects of the EU's cap on bankers' bonuses has called for the UK government to be sued for allowing banks to sidestep the new rules as two more high street banks were preparing to hand their bosses up to £1m in extra pay to avoid the clampdown.