Banking
Italy’s New Bank Tax Causes Uncertainty
The Italian government made a surprising announcement in early August, revealing a new 40% tax on the 2023 profits of Italian banks.
Western Europe
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Technology
Europe Makes First Spot Bitcoin ETF Available To Trade
The Euronext Amsterdam stock exchange listed Europe’s first-ever spot bitcoin exchange-traded fund (ETF) in mid-August.
Awards
Sustainable Finance Awards 2023: Western Europe
Global Financenames the banks and financial institutions leading the way in sustainable finance in Western Europe.
Capital Raising & Corporate Finance
Danish Regulator Eyes Norwegian Grocery Chain
Rema 1000’s acquisition of Aldi’s network of stores in Denmark is under investigation.
Capital Raising & Corporate Finance
LVMH Tops $500 Billion Market Cap
In April, LVMH reported a 17% year-over-year increase in first-quarter revenues, more than twice what analysts expected.
Banking
World’s Best Banks 2023—Western Europe
Western European banks continue to boost profits in uncertain times.
Capital Raising & Corporate Finance
CFO Corner: Q&A With Lamborghini’s Paolo Poma
Automobili Lamborghini's CFO Paolo Poma explains to Global Finance how his unusual career path from engineering to the C-suite prepared him to lead the company in an era of tighter credit conditions.
Banking
Credit Suisse Battles $160 Million Fraud Trial
This credit-crisis legacy issue sits among the raft of allegations of fraud and other misconduct surrounding Credit Suisse’s descent into cultural failure, which UBS management claims it will now be rooting out.
Economics, Policy & Regulation
Germany: Last Nuclear Plant Shut Down
Germany's closure of its last nuclear power facilities amid potential energy shortages and rising prices due to the end of gas and oil imports from Russia.
Technology
Italy Temporarily Bans ChatGPT
French, German and Irish regulators contacted their Italian colleagues to better understand the basis of the temporary ban.
Economics, Policy & Regulation
France: Macron Pushes Through Pension Overhaul
The 2023 Social Security Financing Adjustment Law raises the retirement age from 62 to 64, with a requirement that the retiree has worked at least 43 years; otherwise, workers must wait until they turn 67.
Economics, Policy & Regulation
Swiss National Bank Chair Reassures Markets
Swiss National Bank chair orchestratedthe swift takeover of Credit Suisse by competitor UBS but not without ruffling some feathers.