The trial of Emilio Botin, the chairman of Spain’s most powerful bank, Santander Central Hispano, has started in Madrid.
Mr Botin is accused of misusing the bank’s funds after he approved the payment of 160m euros ($208m; £111m) in bonus and pension payouts to two former executives.
However, the trial was suspended when Mr Botin’s lawyer introduced a new set of documents on the day testimony was set to begin
A US consumer privacy group has called for a global boycott of Tesco stores over the company’s trial of Radio Frequency Identification (RFID) chips.
The technology allows products to be tracked via radio waves.
Privacy groups have labelled them “spy chips” because they fear the tags attached to products, can be used to track the behaviour of customers
Bank of America has been banned from suing Parmalat, the food group which went bust in 2003 after an accounting scandal.
The bank – along with investors, auditors and the group’s managers – want damages for being victims of fraud at the hands of the Italian firm.
But a judge has barred Bank of America and two auditors from the case
Bank of America has been banned from suing Parmalat, the food group which went bust in 2003 after an accounting scandal.
The bank – along with investors, auditors and the group’s managers – want damages for being victims of fraud at the hands of the Italian firm.
But a judge has barred Bank of America and two auditors from the case
Traders at US banking giant Citigroup are facing a criminal investigation in Germany over a controversial bond deal.
The deal saw the sale of 11bn euros ($14.4bn; £7
Up to 350,000 HSBC small business customers could face a quadrupling of banking costs following significant charge increases.
Those with a turnover of less than half a million must now pay much more for using the branch to do their banking.
Charges include 27 pence for every cheque paid in, and 50 pence out of every £100 cash deposited at any HSBC bank
Spider-Man creator Stan Lee is to get a multi-million dollar windfall after winning a court battle with comic book company Marvel.
A judge has upheld Lee’s demand for 10% of Marvel’s profits from the hugely successful Spider-Man films.
Spider-Man and its sequel made $1
Activists in India have held nationwide protests against multinational soft drink companies Coca-Cola and Pepsi.
Reports said thousands of protesters had gathered near manufacturing plants of the two firms and demanded that they stop production.
Activists want the firms to leave India because they say their plants deplete ground water – claims the soft drinks giants both strenuously deny
Activists in India have held nationwide protests against multinational soft drink companies Coca-Cola and Pepsi.
Reports said thousands of protesters had gathered near manufacturing plants of the two firms and demanded that they stop production.
Activists want the firms to leave India because they say their plants deplete ground water – claims the soft drinks giants both strenuously deny
The European Commission has started a formal inquiry into claims that BT has received illegal tax breaks in the UK worth billions of pounds.
The investigation, focusing on the way business rates are levied, follows a complaint from a rival telecoms firm.
Vtesse says BT and Hull-based Kingston Communications have had an unfair advantage over other companies in the sector since 2000