finance

EU Commission fines trio of banks 485 million euros for rate fixing

Credit Agricole, HSBC and JPMorgan Chase must pay 485 million euros (520 million dollars) in fines for manipulating a key benchmark used to set lending rates, the European Commission said...

Belgrade Stock Exchange joins SEE Link

The Belgrade Stock Exchange (BELEX) has been connected to the South-East European Link, a project started by Bulgarian, Macedonian and Croatian stock exchanges with the objective of creating a...

Italian banking shares tumble ahead of Sunday's referendum vote

Share prices for Italian banks fell sharply on the Milan stock exchange Monday, amid fears that a 'no' vote in a Sunday constitutional referendum could trigger a political and economic crisis.

Foreign banks based in Germany foresee “hard” Brexit

Foreign banks based in Germany are gearing up for Britain’s departure from the 28-member European Union to be a “hard Brexit” that will take effect over the next two or three years.

EU says tax officials can exchange bank account data across borders

Tax officials across the EU's 28 member countries will now be able to automatically share names and balances on bank accounts as part of the bloc's effort to fight tax evasion, according to new...

Report: Britain's debt could rise by 25 billion pounds after Brexit

The British government is likely to borrow 25 billion pounds (31 billion dollars) more than forecast in last year's budget by 2019-20 in the wake of the Brexit vote in June, an economic think-tank...

End of an offshore era? Panama signs tax transparency treaty

Panama signed an international convention for tax transparency Thursday, agreeing to work with other countries against tax fraud and money laundering, the Organization for Economic Cooperation and...

Banking association calls for forming task force to deal with debts in arrears

The Croatian Banking Association (HUB) proposes the establishment of a task force in charge of elaborating a comprehensive solution to resolve the issues of Croatian citizens with blocked accounts...

EU proposes corporate tax reforms to cut red tape, tackle abuse

The European Commission unveiled proposals Tuesday aimed at streamlining corporate tax rules across EU member states and closing loopholes for tax avoidance, after reforms suggested back in 2011...

Croatian adult financial literacy low - survey

Croatia ranks 27th out of 30 countries covered by an international survey on adult financial literacy, which was conducted by the International Gateway for Financial Education (INFE) and the...

FinMin: Tax reforms core of fiscal policies

Economic growth and consequently increased employment, the continuation of fiscal consolidation and activation of 'dormant' capital will be the pillars of fiscal policies in the coming period with...

Ten EU countries move closer to contested financial tax

A group of EU member states could agree by the end of the year on a controversial tax on financial transactions, German Finance Minister Wolfgang Schaeuble said Tuesday, following repeated delays...

Creditors settle debt deal over failed Austrian bank

Creditors have settled their dispute with Austria's failed regional bank Hypo Alpe Adria, the liability fund of the province of Carinthia said Monday.

Austrian province set to avoid bankruptcy as creditors accept haircut

Austria's Carinthia province stepped back from the brink of possible bankruptcy Tuesday when Finance Minister Hans Joerg Schelling announced that creditors have been accepting a haircut deal over...

Deutsche Bank customers briefly locked out of accounts

After a week that saw Deutsche Bank's shares hit a record low over growing concerns about its finances, the German-based lender's troubles persisted into the weekend with a technical glitch that...