28 April, 2015 by The TZ Newswire Staff Comments Off on Deutsche co-CEO Fitschen on trial over Kirch case
Deutsche co-CEO Fitschen on trial over Kirch case
Deutsche Bank co-chief executive Juergen Fitschen went on trial on Tuesday accused of giving misleading evidence in connection with the collapse of the Kirch media empire in a case that could prove a major distraction for a bank pursuing a strategic revamp. In one of the highest-profile corporate trials in Germany, Fitschen has vowed to fight allegations he gave misleading testimony in a civil suit brought by heirs of the late media magnate Leo Kirch.
28 April, 2015 by The TZ Newswire Staff Comments Off on Greece €400 Million Short For Wage And Pension Payments, Rushes To Pass Troika-Friendly Laws
Greece €400 Million Short For Wage And Pension Payments, Rushes To Pass Troika-Friendly Laws
There was a brief bout of Greek risk-on euphoria following yesterday’s latest twist in the winding road to the Greek insolvency, in which the Greek finance minister became the latest sacrificial scapegoat to be “Sarao-ed” to appease the Troika, and has now been kicked out of any future negotiations with the Greek creditors.