Author: KMFSLLP

Denmark's state prosecutor has dropped its investigation into whether accountant EY breached anti-money laundering laws in connection with its audit of Danske Bank, the Danish Business Authority (DBA) said on Friday.

Federal Reserve Chair Jerome Powell will speak in a public webcast on Friday, with the details of the U.S. central bank's coronavirus-era programs nearly complete and attention turning to the next phase of its response: a likely restart of large-scale bond-buying and promises about how long it might continue.

* JAC, Guoxuan shares jump 10%, maximum daily limit (Adds Volkswagen China head quotes)

* PwC finds issues in 2019 forecasting process (Adds PwC investigation, shares, analyst comments)

Intesa Sanpaolo won't improve the terms of its takeover offer for UBI Banca and is discussing with Italy's market regulator whether or not the pandemic triggered a clause giving the buyer a way out, a top executive was quoted as saying.

SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to 1.6 billion yen ($15 million), even as the fund's underperformance pushed SoftBank to a record $13 billion operating loss.

Williams said on Friday it was considering selling its once-dominant but now struggling Formula One team as part of a strategic review.

Italy's Banca Monte dei Paschi di Siena has received a preliminary green light from the European Union's competition authorities for its bad debt disposal plan, a source familiar with the matter said on Friday.

British banks and other lenders have given nearly 1.5 million repayment holidays to borrowers hit by the coronavirus shutdown, an increase of more than a quarter since the start of May, an industry group said on Friday.

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