Switzerland buries U.S. tax law, banks seen at risk

By Reuters UK

Swiss lawmakers dealt a death blow on Wednesday to a draft law which aimed to protect the country's banks from criminal charges in the United States for helping wealthy Americans evade tax. (9:28 am)

MORE TOPICS: HSBC, COURT, DEPARTMENT OF JUSTICE, CREDIT SUISSE, TAX LAW, SETTLEMENT

Porsche plaintiffs bolstered by court ruling: lawyer

By Reuters

Investors suing Porsche SE <PSHG_p.DE> for more than 4 billion euros ($5.4 billion) over its failed attempt to take over Volkswagen <VOWG_p.DE> in 2008 may take encouragement from a German court ruling on Wednesday, a lawyer said. (9:14 am)

MORE TOPICS: VOLKSWAGEN, COURT, LAWYER, LAW FIRM

Lukaku The Subject Of German Interest as €19m Bid Looms

By IBTimes UK

Romelu Lukaku is the subject of interest from Borussia Dortmund, according to reports. (8:55 am)

MORE TOPICS: LONDON

Germany agrees financing of 8 billion euro flood aid fund

By Reuters UK

Germany has agreed the financing of an 8-billion euro (6.8 billion pounds) fund to help repair damage caused by the worst flooding in a decade, with both the federal government and states footing the bill, the finance ministry said on Wednesday. (8:21 am)

Obama Tells Russia: Move Beyond Cold War Nuclear Postures in Berlin Brandenburg Speech

By IBTimes UK

Fifty years after JFL's 'Ich bin ein Berliner' oratory, Obama woos crowd with call to reduce nuclear arsenal. (8:00 am)

MORE TOPICS: BARACK OBAMA, NUCLEAR WEAPONS, RUSSIA

Swiss lower house committee rejects U.S. tax deal again

By Reuters UK

A Swiss parliamentary committee has again urged the lower house to reject a draft law aimed at protecting the country's banks from criminal charges in the United States for helping wealthy Americans to evade tax. (7:42 am)

MORE TOPICS: HSBC, CREDIT SUISSE, SETTLEMENT

German bank association backs European deposit scheme

By Reuters UK

German banking association BDB signalled it may drop its opposition to a pan-European deposit guarantee scheme, a radical step under which German lenders would help absorb the losses of failed banks in other European states. (6:28 am)

MORE TOPICS: COMMERZBANK, DEUTSCHE BANK, EUROPEAN UNION, RETAIL, EUROPEAN CENTRAL BANK, INVESTMENT

Manchester United Midfield Target Told To Stay In Spain

By IBTimes UK

Gerard Pique says that if Thiago Alcantara stays at Barcelona he will become the centre point fo the side's midfield. (5:05 am)

MORE TOPICS: MANCHESTER UNITED, REAL MADRID

Commerzbank to cut around 3,000 jobs by 2016: trade union

By Reuters

Germany's trade union Verdi on Wednesday said it estimated that around 3,000 jobs will be cut at Commerzbank <CBKG.DE> by 2016 under a negotiated severance deal. (4:35 am)

MORE TOPICS: COMMERZBANK

German banks signal support for euro deposit guarantee scheme

By Reuters UK

German banking association BDB signalled it may drop its opposition to a pan-European deposit guarantee scheme, a radical step under which German lenders would absorb some of the losses of failed banks in other European states. (4:00 am)

MORE TOPICS: COMMERZBANK, DEUTSCHE BANK, EUROPEAN UNION, EUROPEAN CENTRAL BANK