FRANKFURT news

FRANKFURT, Germany | Trial begins in $10B investor lawsuit against Volkswagen

FRANKFURT, Germany — Trial proceedings have begun in the lawsuit brought against Volkswagen by investors alleging the company did not give them timely notice of its scandal over cars rigged to cheat on diesel emissions tests. Investors are seeking almost 9 billion euros ($10.4 billion), saying Volkswagen didn’t give them the information they needed to … Continue reading FRANKFURT, Germany | Trial begins in $10B investor lawsuit against Volkswagen

FRANKFURT, Germany | ECB taking action to reduce bad loans at eurozone banks

FRANKFURT, Germany — The European Central Bank said Wednesday it is taking further steps to address the problem of bad loans burdening bank finances and clogging the flow of credit to the economy. The ECB said it would set expectations for each financial institution on putting aside adequate cash reserves to cover business loans that … Continue reading FRANKFURT, Germany | ECB taking action to reduce bad loans at eurozone banks