billion-euros

HSBC whistleblower Falciani sentenced to five years in prison

(Reuters) – Herve Falciani, an ex-employee of HSBC's Geneva private bank who leaked information on clients and their tax situation, has been sentenced to five years in prison for aggravated industrial espionage, the bank said on Friday. HSBC said it welcomed the ruling on Falciani, a 43-year old French citizen …

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HSBC whistleblower Falciani sentenced to five years in prison

billion-euros

Exclusive: Lazard works with Sanofi on $12.7 billion animal health unit deal – sources

By Pamela Barbaglia, Olivia Oran and Arno Schuetze LONDON/NEW YORK/FRANKFURT (Reuters) – Investment bank Lazard is working with Sanofi's management to prepare a sale or listing of its Merial animal health unit, aiming to land the leading advisory job for the deal, which could value the business at up 12 billion euros ($12.7 billion), sources familiar with the matter said. Lazard is expected to win the role for the so-called dual-track process having helped Sanofi's management in the …

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Exclusive: Lazard works with Sanofi on $12.7 billion animal health unit deal – sources

billion-euros

United Continental to offer 13 percent pay increase to pilots: Bloomberg

The 2016 increase would be followed by annual increases of 3 percent and 2 percent, Bloomberg said. Reuters reported last week that the second-largest U.S. airline by capacity and its pilots union had reached an agreement in principle to extend the labor contract that covers United's more than 12,000 pilots by two years. United's contract with the Air Line Pilots Association International (ALPA) had been due to

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United Continental to offer 13 percent pay increase to pilots: Bloomberg

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VW maintains $7 billion of provisions despite simple emissions fix

Volkswagen will not lower planned provisions of 6.7 billion euros ($7.1 billion) for the costs of its diesel emissions scandal, though the technical fix for 8.5 million cars in Europe have turned out to be simpler than expected. VW is seeking as much as 20 billion euros ($21.18 billion) in funding …

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VW maintains $7 billion of provisions despite simple emissions fix

billion-euros

Greece approves reform bill, eyes bailout tranche

Greece's parliament approved early Friday a bill with reforms prescribed by the country's international lenders, ahead of a euro zone finance ministers meeting in three days which will decide if Athens qualifies for fresh bailout funds. Greece needs to legislate a series of reforms to pass the first review of a new bailout worth up to 86 billion euros it signed up to earlier this year. It must also revamp its banking system by the end of the year to start talks on much-needed debt …

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Greece approves reform bill, eyes bailout tranche

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