State-owned Monte dei Paschi di Siena does not expect the latest amendments to a one-off Italian tax on lenders to cost it more, while a newly introduced option to set aside funds instead of paying the levy appears sensible, its CEO said.
France’s top court will rule on Nov. 15 on an appeal by UBS against its conviction in a tax evasion case which drew a 1.8 billion-euro ($1.90 billion) penalty, the Swiss bank’s lawyer Patrice Spinosi said on Wednesday.
Crypto companies are descending on Capitol Hill on Wednesday, but their push to advance industry-friendly laws is likely to be overshadowed by a fight over the federal budget and a Senate crackdown on the use of crypto for money laundering.
Reforming the World Bank’s approach to risk could unlock nearly $190 billion in additional urgently needed lending for developing countries without jeopardizing its AAA credit rating, a study commissioned by the Rockefeller Foundation found.
Wells Fargo is teaming up with private equity firm Centerbridge Partners to launch a fund with a capacity to lend more than $5 billion to North American middle-market companies, the groups said on Tuesday.