EU to sell €80bn of long-term bonds in H1 of 2003
By Mark McSherry The European Commission announced it intends to sell up to €80 billion of long-term EU-Bonds in the first half of 2023 under…
December 2022
Volkswagen shareholders approve €9.6bn dividend
Volkswagen AG shareholders have approved a €9.6 billion special dividend following the IPO of its Porsche AG business. The pay out amounts to about 49%…
ECB says interest rates ‘still have to rise significantly’
The European Central Bank increased interest rates by a half-point and ECB President Christine Lagarde told markets to get ready for a series of similar…
EU new car sales up 16% in Nov but still behind 2019
The EU new passenger car market posted rose in November for the fourth in a row, according to the European Automobile Manufacturers’ Association (ACEA). It rose…
European fund assets fall 12% to €28 trillion – EFAMA
By Mark McSherry — Assets under management (AuM) in the European fund management industry fell 11.8% to €28.4 trillion during the first nine months of 2022….
SEC charges Bankman-Fried with defrauding investors
The US Securities and Exchange Commission (SEC) on Tuesday charged Samuel Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX Trading Ltd, the…
Maersk appoints Vincent Clerc CEO
Danish shipping giant A.P. Moller-Maersk said on Monday it has appointed company veteran Vincent Clerc as its new chief executive to lead the group through a…
Santander UK fined £108m over money laundering fail
By Mark McSherry — The UK’s Financial Conduct Authority (FCA) said it has fined Santander UK Plc almost £108 million after it found “serious and persistent…
UCITS, AIF funds see €137bn of outflows in Q3
The European Fund and Asset Management Association (EFAMA) announced that European UCITS and AIFs suffered net outflows of €137 billion in the third quarter of 2022. EFAMA…