Banking
Is RBS Getting Out Of Transaction Services?
Royal Bank Of Scotland plans to vastly scale back its Transaction Services business. It is a further sign of the challenging times faced by global transaction banks.
Western Europe
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Capital Raising & Corporate Finance
FRANCE: WINEMAKER PLANS IPO USING CROWDFUNDING
Capital Markets | Equity Capital Raising
Burgundy vineyard Domaine Chanzy expects to be the first company to conduct an initial public offering using crowdfunding, which enables companies to raise money from members of the public, typically via the Internet.
Banking
SANTANDERS CLOUD GAMBIT: WILL MORE BANKS FOLLOW THEIR LEAD?
Trends | Global Banking
On the surface at least, Spain’s Banco Santander and Cloud storage providers do not appear to have much in common.
Capital Raising & Corporate Finance
McDonalds CEO: Brit Becomes The New “Big Mac”
McDonalds appointment of British-born Steve Easterbrook as its new CEO has both surprised and delighted analysts—concerned by the burger behemoth’s first annual decline in 30 years.
Capital Raising & Corporate Finance
EU TAX REFORM: VAT REGULATION HITS SMES
Milestones | European Union
Regulators had Web giants like Google and Apple in their sites when they framed a new value-added tax (VAT) regulation for businesses selling digital products into the European Union
Banking
SANTANDERS MASSIVE CAPITAL INCREASE: MORE EUROPEAN BANKS TO FOLLOW
Trends | Bank Capitalization
As Spaniards returned from the Los Reyes Magos (Epiphany) holiday, Spain’s Santander, Europe’s biggest bank, sold the equivalent of nearly 10% of its capital in one day, raising €7.5 billion ($8.7 billion) in cash and bringing required ratios in line with those of the banking industry.
Capital Raising & Corporate Finance
SEPA: A SPRINGBOARD TO REAL-TIME PAYMENTS
Special Report | SEPA
With SEPA migration projects mostly completed, it is time for treasurers to start thinking about the next steps in regulatory compliance and process automation.
Capital Raising & Corporate Finance
‘GOOGLE TAX’ ON MULTINATIONALS HEATS UP GLOBAL CORPORATE TAX DEBATE
<strong>UK Corporate Tax | Trends</strong><br />
Britain likely will succeed in taxing multinational companies at a 25% rate on their UK operations beginning in April, without violating international tax treaties, analysts say, but tensions are rising between countries on suspicions that MNCs are engaging in global tax evasion.
Economics, Policy & Regulation
ANTI-MONEY LAUNDERING FIGHTER CHAIRS KEY VATICAN UNIT
<strong>Vatican | Newsmakers</strong><br />
René Brülhart, known as the “James Bond of the financial world” for his high-profile role in cases such as the return of assets from Saddam Hussein to post-war Iraq and the uncovering of the Siemens bribery scandal, has become chairman of the Vatican’s anti-money-laundering unit.<br />
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Banking
ING COMPLETES BAILOUT REPAYMENT
<strong>Netherlands | Milestone</strong><br />
As a part of the restructuring agreement between ING, the Dutch government and the European Commission, ING agreed to several of what it called “bans,” according to an email sent by a company spokesman to Global Finance
Award Winners
KEEPING DATA SAFE: PAOLO DI GRAZIA, FINECOBANK
Website design is becoming more important than ever, particularly in areas such as ease of use, security features, integrated functions and aesthetics.<br />
Capital Raising & Corporate Finance
SHAREHOLDER ACTIVISTS JOIN FORCES ACROSS THE ATLANTIC
<strong>Shareholder Activism | Management</strong><br />
Shareholder activism—when investors in a company use their equity as a lever to pressure management—is booming and will grow dramatically on both sides of the Atlantic through mid-2016