Julius Baer in talks for $2bn BofA unit

Julius Baer in talks for $2bn BofA unit

Swiss bank in talks with BofA to acquire international wealth management business, with about $90bn of assets, the US bank acquired in its merger with Merrill Lynch

Euro's Greek honeymoon short-lived

Euro's Greek honeymoon short-lived

Optimism from Athens over poll result swiftly deflated by dismal bad bank loan figures from Spain that underlined the country's woes

European advertising spending off target

European advertising spending off target

A slump in Spain, Portugal and Greece will almost bring overall growth in the region's media market to a halt, with eurozone woes hitting marketing budgets

Insurance products too complex, says Aegon

Insurance products too complex, says Aegon

Chief executive admits the industry suffers from a credibility problem because of its opaque savings and investment offerings to consumers

Danone: sour on Spain

Danone: sour on Spain

The French food group said the troubled economy, in particular, was behind a declining performance in southern Europe and it would cut prices in response

EU plan to cap bank bonuses could backfire

EU plan to cap bank bonuses could backfire

Banks could dodge new rules and distort the market by raising basic pay, shifting operations away from Europe or promoting second-rate people

Eight Turkish troops killed in PKK attack

Eight Turkish troops killed in PKK attack

Assault was bloodiest this year in conflict that has claimed more than 30,000 lives over three decades and was seen as attempt to forestall talks

Banque Postale to pitch for troubled CIF

Banque Postale to pitch for troubled CIF

An acquisition of mortgage lender Crédit Immobilier de France would boost the size of the French state-owned postal bank from €41bn to €75bn of loans

Italy moves to overturn post-Macondo oil ban

Italy moves to overturn post-Macondo oil ban

Government takes on powerful lobbies and Sicilian businesses in move to resume offshore oil and gas exploration imposed by Silvio Berlusconi's coalition
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