Bank of Ireland fined €100m over tracker mortgages
The Central Bank of Ireland has reprimanded and fined Bank of Ireland €100.5 million “for a series of significant and long-running failings in respect of 15,910 tracker…
September 2022
EU proposes supply chain emergency powers
The European Commission has proposed a new Single Market Emergency Instrument (SMEI) to protect supply chains. The new emergency tool proposal — if approved — would give…
Global debt at $300 trillion, or 350% of GDP
The global debt-to-GDP ratio is edging back up, approaching 350% of GDP in Q2 of 2022, after four quarters of consecutive decline. That’s according to the latest…
Google fails to overturn €4.1bn European fine
By Mark McSherry Google suffered a major setback on Wednesday when Europe’s second-highest court fined it €4.125 billion for using its Android mobile operating system…
ECB lifts rates unprecedented 75 bps to fight inflation
The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday to fight inflation and signalled that further hikes…
VW plans Porsche IPO with valuation up to €85bn
The supervisory board of Volkswagen AG said it has decided to pursue an IPO of up to 25% of non-voting preferred shares of Porsche AG,…