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BERLIN (Reuters) -German financial watchdog BaFin has ordered Commerzbank to pay a fine of 1.45 million euros ($1.55 million) for breaching its anti-money laundering duties, the regulator said on Monday. “Commerzbank AG and the former comdirect Bank AG, of which Commerzbank AG is the universal successor, had breached their supervisory duties,” said the regulator in …

German regulator fines Commerzbank over anti-money laundering non-compliance Read More »

LONDON (Reuters) -Britain’s financial watchdog should drop plans to publicise its investigations sooner until a thorough analysis of its impact has been completed, a committee of lawmakers from parliament’s upper house said on Monday. The Financial Conduct Authority (FCA) proposed in February to announce corporate investigations earlier, publish updates, and close inquiries more quickly in …

UK finance watchdog should not publicise probes sooner, lawmakers say Read More »

By Pablo Mayo Cerqueiro and Michal Aleksandrowicz (Reuters) -CVC Capital Partners is targeting a market capitalisation as high as 15 billion euros ($16 billion) in its initial public offering (IPO), the private equity group said on Monday. The company is offering shares at a price range of 13 to 15 euros, with trading on Euronext …

CVC aims at up to $16 billion valuation in Amsterdam IPO Read More »

By James Davey LONDON (Reuters) -Asda, Britain’s third biggest supermarket group, reported a 24% jump in annual earnings to over 1 billion pounds ($1.24 billion), saying it was making strategic progress despite losing market share to rivals. Asda, owned by brothers Zuber and Mohsin Issa and private equity firm TDR Capital, said 2023 adjusted EBITDA …

UK supermarket Asda profit tops 1 billion stg despite market share loss Read More »

By Johann M Cherian (Reuters) -European shares edged higher on Monday with investors bracing for earnings reports from several big banks later in the week, while Portuguese oil firm Galp soared to a 16-year high following a positive update to its gas exploration in Namibia. The pan-continent STOXX 600 was up 0.2% by 0828 GMT, …

Europe’s STOXX edges higher with bank earnings in focus; Galp glows Read More »

LONDON (Reuters) – The pound held steady against the dollar and nudged up against the euro on Monday, after hitting its weakest since November last week. Investors have cut back their bets in either direction on the pound and hold a fairly neutral stance, based on weekly data from the U.S. markets regulator. Sterling was …

Sterling gains some traction after drop below $1.24 Read More »

PARIS (Reuters) – Tension in the Middle East is unlikely to drive up energy prices and should not affect the European Central Bank’s plans to start cutting interest rates in June, French central bank chief Francois Villeroy de Galhau said on Sunday. “Barring surprises, there is no need to wait much longer”, Villeroy told business …

Middle East tensions should not delay ECB’s June rate cut, Villeroy says Read More »