Europe
Generali agrees quick departure with Greco, Galateri new CEO
Italian insurer Generali has ended all relations with its chief executive Mario Greco following his decision to take up the top job at the Zurich Insurance Group.
EU officially extends MiFID II application date by one year
The European Commission is to extend the start date of the revised Markets in Financial Instruments Directive, or MiFID II, by one year to 2018.
Julius Baer admits US tax evasion, pays $547m
Swiss private bank Julius Baer said it has reached a deal with the US Department of Justice to pay $547m to settle tax evasion allegations, and at the same time two former Julius Baer bankers pleaded guilty to helping American clients dodge taxes.
Credit Suisse slumps after big 2015 net loss
Shares in Credit Suisse fell nearly 12% on Thursday after the bank reported worse-than-expected 2015 results, which included hefty net asset outflows in the final quarter.
Crux AM’s Pease urges investors not to panic
Crux Asset Management’s Richard Pease offers some words of advice to European equity investors, and provides insight on how the recent oil slump and currency volatility has impacted his fund.