A group of U.S. pension plans has lost a bid to block Denmark’s tax agency from pursuing millions of dollars from them in a “cum-ex” tax fraud case after a judge in a New York district court ruled the trial could proceed.
Italy on Monday sold a 25% stake in bailed-out Monte dei Paschi di Siena (MPS) , raising 920 million euros ($1 billion) and advancing plans to re-privatise the world’s oldest bank two years after a failed first attempt.
The African Development Bank (AfDB) could launch its debut hybrid capital note, sized between $500 million and $1 billion, before the end of the month if market conditions are right, the bank’s acting treasurer said.
Kraken, one of the world’s largest cryptocurrency exchanges, was sued on Monday by the U.S. Securities and Exchange Commission, which accused it of illegally operating as a securities exchange without first registering with the regulator.
Italy attracted strong interest from funds when it sold 25% of Monte dei Paschi di Siena (MPS) for 920 million euros ($1 billion) on Monday, advancing plans to re-privatise the world’s oldest bank two years after a failed first attempt.