July 7 The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Goldman muscles in on Europe's private banks
Western banks start to pull out of Iraq
WiFi provider Gowex goes bankrupt and admits falsifying
Russia's state oil champion Rosneft brims with ambition
Ex-JPMorgan trader challenges 'whale' findings
Home Office civil servant called to explain child abuse
Goldman Sachs is looking to capitalise on the domain
of centuries-old private banks in Europe by services offered by
its European wealth management business and offfering loans to
rich clients in the region.
Growing security concerns in Iraq is rattling western banks,
forcing them to tighten controls on clients' funds and pull
senior staff out of the country.
Spanish wireless networks provider Gowex was forced
to declare bankruptcy and admit that the company's head had
falsified accounts for at least the past four years.
Rosneft is setting out long-term targets and its
CEO Igor Sechin is openly talking about the Russian state oil
producer's large ambitions, although the U.S. government has
imposed sanctions of its head and is threatening broader
sanctions against the Russian oil industry.
A former JPMorgan Chase & Co trader has filed an
appeal with a London tribunal court to challenge civil findings
made by Britain's financial watchdog against the bank over the
"London Whale" debacle of 2012.
A committee of MPs has asked the most senior official at the
Home Office for an explanation as it how his department lost 114
files relating to child sex abuse in Westminster in the 1980s.
(Compiled by Esha Vaish)