Italian newspaper Il Fatto Quotidiano has reported that UniCredit is set to name Corrado Passera as its next CEO, sometime next week. Italy’s biggest bank by asset, UniCredit is all set to name Corrado Passera, a former industry minister as… Read More ›
Economy & Finance
Possible Brexit Forces British Companies to Prepare for Long Night
Extra funds, pre-written statements and plans for late-night vigils by teams of consultants are being done by British companies as preparations for the possibility that the country will vote to leave the European Union. A last-minute flurry of preparations in… Read More ›
$600 Milion to be paid by Mitsubishi as Compensation to Customers of four models over mileage cheating
As a part of the reimbursement costs that will total at least $600 million for its overstating of mileage readings, Japan’s Mitsubishi Motors Corp said it plans to give owners of four mini vehicles close to $1,000 in compensation. Nissan… Read More ›
BNP, Santander Staff being Probed in Spain Over Roles in Tax Case
Amid allegations they may have helped shield customers’ international transfers from tax authorities, the Spanish authorities are investigating some Banco Santander SA and BNP Paribas SA employees, reported Bloomberg citing a person familiar with the probe. By analyzing evidence including papers… Read More ›
Will the $30 trillion ‘Great Wealth Transfer’ Change the Way of Financial Advising
Demographics and the aging of the baby boomers is the most important issues that looms for the financial advice industry. Roughly $30 trillion in assets would be transferred to their Gen X and millennial children by the biggest and wealthiest… Read More ›
A Discount of 40% being Offered for Renting of World’s Biggest Jetliner
With the aim of spurring demand for the second-hand jets leasing firm Doric is offering its used Airbus Group SE A380 superjumbos at a 40 percent discount compared to the $2 million-plus monthly rental rate for a new plane. Sibylle… Read More ›
Ipsos Mori telephone poll shows 53% Britons opt for Brexit
The “Leave” movement is gaining momentum as the referendum date gets near. According to a telephone poll conducted by Ipsos MORI 53% of British voters are likely to opt to leave the European Union, in a referendum that is due… Read More ›
Kaspersky discovers xDedic, an e-bay like market for cybercriminals
Here criminals can buy attack tools for as little as $6. Attack /Defence tools against government organisation cost only $15. Security experts have stated that there are markets on the darknet which act like eBay in which black hat hackers… Read More ›
Betfair predicts 62% YES vote in Brexit referendum
The keyword here is ‘implied probability’. According to Betfair, betting odds indicate an implied probability that 62% of British citizens will vote to stay within the European Union. According to Betfair, this implied probability fell to nearly 55% yesterday, however… Read More ›
ECB working with Bank of England to increase market liquidity
The ECB is working with the Bank of England to reduce the fallout of a Brexit vote. As per officials with the knowledge of the matter at hand, the European Central Bank along with the Bank of England, would publicly… Read More ›