Bloomberg Czech banks have avoided a threat of special taxes for the industry by agreeing in principle to contribute a portion of their profits to a national development fund proposed by Prime Minister Andrej Babis. Babis said on Monday he wants the units of Societe Generale SA, Erste Group Bank AG, KBC Groep NV, and UniCredit SpA, to pay an ...

Bloomberg The race to lead the Bank of England could turn on who heads the government by the time the decision is made in October. Much has been made of Chancellor of the Exchequer Philip Hammond’s comments that he seeking a governor with international stature, prompting a flurry of speculation around former Reserve Bank of India chief Raghuram Rajan. Still, ...

Bloomberg Europe’s biggest insurers are on the hook for as much as $450 million from a pair of airline crashes involving Boeing Co 737 Max planes. Munich Re reckons it could pay $168 million, an estimate that Chief Financial Officer Christoph Jurecka called “very conservative.” Swiss Re expects to pay up to $135 million; Hannover Re says it will pay ...