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More banks in crosshairs as Denmark tax probe grows

Bloomberg Denmark is trying to find out just how many banks were involved in suspicious stock trades executed for the sole purpose of getting a tax rebate. The transactions in question started more than a decade ago, after Denmark and Switzerland made it possible to claim back taxes on dividends through a revised double-taxation accord between the two countries. Nordea ...

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Borrowers brace for end of easy money

Bloomberg Bankers and borrowers are bracing themselves for a difficult year selling eurobonds now that the days of easy money are coming to an end. January’s often the busiest month of the year for new bond sales but as credit markets lose their biggest backer and political threats loom — Brexit, Italian fiscal angst and trade woes — companies must ...

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StanChart spins off private equity unit

Bloomberg Standard Chartered Plc reached an agreement to separate its private-equity unit, ending more than two years of effort by Chief Executive Officer Bill Winters to get out of the business. Intermediate Capital Group Plc said on Monday that its funds are buying a majority of the bank’s private-equity assets in a transaction valued at about 790 million pounds ($997 ...

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