Technology
Italy Temporarily Bans ChatGPT
French, German and Irish regulators contacted their Italian colleagues to better understand the basis of the temporary ban.
Western Europe
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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.
Capital Raising & Corporate Finance
Microsoft Seals LSE Cloud Deal
Microsoft’s investment in LSEG comes at a time when big tech names like Google, Amazon and IBM are increasingly engaged in an arms race to deepen relationships with financial firms.
Capital Raising & Corporate Finance
Norway: Proposed Capital Mandate Raises Small Bank Ire
New capital requirements could reduce the mortgage loan lending capacity for Norway’s small and medium-sized banks by up to $17.3 billion.
Economics, Policy & Regulation
The UKs Second Big Bang
Britain repeals post-2008 banking reforms, including the cap on bonuses for bankers.