(In this January 17 story corrects attendance fee paid by Precognize CEO in last paragraph)
* Trade row, recession fears and global tensions dominate
LONDON/DAVOS Andrea Orcel is awaiting a compensation offer from Santander to cover lost future earnings after the Spanish lender abruptly ditched the Italian banker's appointment as chief executive, a source familiar with the matter told Reuters.
LONDON/DAVOS, Jan 25 Andrea Orcel is awaiting a
compensation offer from Santander to cover lost future
earnings after the Spanish lender abruptly ditched the Italian
banker's appointment as chief executive, a source familiar with
the matter told Reuters.
DAVOS, Switzerland The world's second-largest reinsurer, Swiss Re, plans to double down on a small, new online insurance venture as its huge core business continues to be pinched by losses on natural disasters and what it calls unsustainably low premiums.
DAVOS, Switzerland The return of investment banker Andrea Orcel to Swiss banking giant UBS is not a "realistic option", UBS's Chief Executive Sergio Ermotti told Reuters on Thursday. | Video
DAVOS, Switzerland France called on Thursday for a new global system of taxation, including a tax on digital giants, as governments look to prevent companies from shopping around for tax havens.
MILAN/DAVOS, Jan 23 Popolare di Bari is studying
a possible tie-up with other local mutual banks, two sources
said, as the Rome government said it was keeping an eye on the
situation at the troubled southern Italian lender.
DAVOS, Switzerland Italy will meet its key budget deficit target for this year and there is no need for any corrective measures to prevent an overshoot, Economy Minister Giovanni Tria said on Wednesday.
DAVOS The International Monetary Fund has cut its global growth forecasts for the second time in three months. Central banks in the U.S. and Europe are reversing a decade of ultra-loose monetary policy. Trade tensions between Washington and Beijing are hurting investor sentiment worldwide.