Senior German banker not fit for trial over tax fraud

A German regional court said on Friday that prosecutors and defence lawyers have requested the termination of the criminal trial of a prominent banker who is accused of playing a role in an alleged 10 billion euro ($10.7 billion) tax fraud scheme. Christian Olearius, who has maintained that he did nothing wrong, went on trial […]

White House to nominate Goldsmith Romero soon, aiming for July hearing – source

The White House will nominate markets regulator Christy Goldsmith Romero as Federal Deposit Insurance Corporation chair imminently as it targets the week of July 8 for her first hearing, a person with direct knowledge of the matter said on Wednesday. Goldsmith Romero, a Democratic commissioner at the Commodity Futures Trading Commission, will replace Martin Gruenberg […]

KKR to buy $850-million stake in Quick Quack Car Wash

KKR & Co (KKR.N), opens new tab has agreed to buy a “significant” minority stake in Quick Quack Car Wash, the investment firm told Reuters on Tuesday and sources familiar with the deal said KKR would pay $850 million. Quick Quack’s founders and existing owner Seidler Equity Partners will remain invested in the Roseville, California-based company. Private-equity […]

National bank mergers can pave way for cross-border deals, ECB’s De Guindos says

National bank mergers must come before cross-border deals, the vice-president of the European Central Bank Luis de Guindos said on Friday, without elaborating if the ECB would approve BBVA’s takeover bid for domestic rival Sabadell. Earlier this week, BBVA (BBVA.MC), opens new tab asked the ECB to authorise its more than 12 billion euro ($13 billion) hostile […]