Proposed J.V. Seen as Complementary CME Group, an operator of derivatives trading venues, and IHS Markit, an information and analytics vendor, have gotten the blessings of the European Commission for their joint venture of post-trade services. “The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over a newly created… Read More >>
Two Failing Banks Get a Lifeline via Italian Government
Two days after the European Central Bank (ECB) warned that Banca Popolare di Vicenza and Veneto Banca were failing or likely to fail, the Italian government came to the rescue with a €5.2 billion ($5.8 billion) bailout package at the end of June. Under the deal, the good assets of the banks were sold to… Read More >>