European three bank giants sounded the performance alarm
NetEase Financial on February 19th hearing, according to The Wall Street Journal news, the European banking three giants of Commerzbank, SocieteGenerale and ING Wednesday warned that the outlook of this year of the bank would remain volatile, and three banks announced a series asset write-off and bleak performance of the fourth quarter. As of December 31 of last year fourth quarter is the worst performance of a quarter for more than 50 years in the stock and bond markets.
Italian Prime Minister with ￡ 400,000 bribed British Olympic Minister of Cardiff
On February 18th Italia, a court of Italia ruled a few days ago, that British Olympic Minister Jowell’s husband, tax lawyer received a bribe from Italian Prime Minister Silvio Berlusconi for ￡ 400,000. However, Berlusconi denied allegations of bribery who last year by the law made himself from criminal prosecution. According to the British Broadcasting Corporation (BBC) it was reported that Mills was British Olympic Minister Jowell’s husband (the two have been separated).
UBS will use 780 million U.S. dollars to settle allegations of the U.S. Department of Justice
On the morning of February 19th it was informed that the Swiss bank (UBS) said Wednesday that 780 million U.S. dollars would be paid in order to avoid prosecution of the United States Government, as well as the United States to settle the allegations of the relevant regulatory bodies that the bank helped more than ten thousand rich men of United States use the bank accounts for tax evasion. Prior to this the U.S. Department of Justice filed a criminal charge against it, claiming that Swiss bank helped 17,000 American to the United States Internal Revenue Service (Internal Revenue Service) hide bank accounts.
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