Europe’s banking sector continues to be shaken by scandals and failures. German public prosecutors are facing demands to bring charges against the German banking arm of Greensill Capital. Germany’s financial regulator, BaFin, has been humiliated by the 3.5 billion euro Wirecard scandal. Serious money laundering cases involving large banks in many euro zone countries have shaken faith in Europe’s bank ...

Bloomberg Air France-KLM will receive as much as 4 billion euros ($4.7 billion) from a French rescue plan that may not be enough to see the embattled carrier through the still-raging pandemic. The package will see the French government reemerge as the biggest shareholder with a stake of much as 30%. It comes after months of negotiations between shareholders France ...

Bloomberg AirAsia Group Bhd plans to raise as much as $300 million to expand its digital business arm AirAsia Digital, according to people with knowledge of the matter. The Malaysian budget airline is in talks with prospective investors for what would be the first financing round for its digital arm and is working with at least one adviser on the ...