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Banks see pressure on capital ratios as ECB tackles risk models

  Bloomberg Some European banks are seeing their capital ratios come under pressure as the region’s top supervisor takes a more conservative view of their risk models. Last month, the European Central Bank raised the risk-weightings which determine capital at Finland’s biggest financial services group after finding “shortcomings” in its models. Lenders including Bank of Ireland have started to take ...

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Google adds cloud customers, nabbing Verizon from Microsoft

  Bloomberg Alphabet Inc. unveiled new customers and partners for its cloud storage service in an attempt to boost the standing of Google’s business sales unit, which lags behind Amazon.com Inc. and Microsoft Corp. Diane Greene, Google’s cloud chief, named several recent clients at the company’s event in San Francisco, including Colgate-Palmolive Co., HSBC Holdings Plc and EBay Inc. Google ...

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Alphabet’s Project Loon loses CEO after six months

  Bloomberg Tom Moore, a satellite veteran brought in to lead Google’s Project Loon unit, has stepped down after about six months. Alastair Westgarth, who headed wireless antenna company Quintel, is taking the spot. The transition comes after the company scaled back an ambitious attempt to build a global communications service by circling the earth with high-altitude balloons. X, the ...

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