Western Europe Archives

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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.

Technology

The Netherlands Joins US Effort To Deny China Semiconductor Technology

While the US effort to cut China out of the global semiconductor industry is driven by national security concerns,the effort has consequences for semiconductor companies that produce civilian products.

Award Winners

Best Treasury and Cash Management Providers 2023: Western Europe

A treasurer’s role must change with the times.

Capital Raising & Corporate Finance

European Energy Providers Face Historic Losses

Russia's war in Ukraine claims another casualty: the profits of European energy companies.

Capital Raising & Corporate Finance

Toshiba Could Go Private To Heal

Toshibahas been in conflict with activist shareholders since a 2015 accounting scandal, followed by a massive write-down on its nuclear business the following year.

News

Sweden: A Rare Earth Discovery

According to Sweden’s state-owned mining company LKAB, more than one million tons of rare earth oxides—the largest deposit of its kind in Europe—was discovered near Kiruna, about 1,000 kilometers north of Stockholm.

News

Switzerland’s National Bank Faces Historic Loss

The Swiss National Bankprojects losses on foreign currency transactions of CHF131 billion, with another CHF1 billion in losses on positions held in Swiss francs.