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The leader of Spain's leftist platform Sumar, Yolanda Diaz, said on Tuesday an agreement for a potential coalition government with the Socialist Party envisaged extending and reinforcing a windfall tax for banks and large energy companies. She also said the partners had agreed that all companies would be taxed an effective 15% rate on their accounting profit, rather than the underlying profit, which seeks to eliminate the impact of nonrecurring items. The deal, which came after acting Prime Minister Pedro Sanchez met with Sumar leader and acting Labour Minister Yolanda Diaz on Monday, also includes a proposal to reduce working hours while preserving the same pay. ....
Shares in Amerstdam-listed fund distribution company Allfunds soared as much as 15% on Wednesday, with market players attributing the rise to a media report the firm has enlisted banks to explore. ....
The Italian consumer credit unit of Santander is planning to shut all of its branches in the country and cut around 14% of the local workforce, a banking union said on Wednesday.. ....
New owners of Spain's Celsa appoint former Gas Natural Fenosa CEO as chairman marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
By Brenna Hughes Neghaiwi and Tom Sims ZURICH (Reuters) - Alison Rose's resignation from NatWest leaves just one woman in charge of a major western Eu. ....