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Trump campaign spends $8.8mn to overturn vote

Bloomberg President Donald Trump’s campaign spent $8.8 million on the legal challenges to the November 3 election in various states, including $2.7 million in legal fees, according to the latest filings with the Federal Election Commission. The largest outlay was a $3 million payment to the Wisconsin Elections Commission for a partial recount in two populous counties. The recounts did ...

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ECB urged to extend bank dividend ban by six months

Bloomberg Europe should extend its de-facto ban on bank dividends by six months, a top official at the European Central Bank’s (ECB) supervisory arm said, casting a shadow over investors’ hopes for a return to payouts early next year. The comments come as big banks across Europe are facing fraught times, with regulators at the ECB and the Bank of ...

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Goldman opens Luxembourg wealth outpost for Brexit

Bloomberg Goldman Sachs Group Inc opened a Luxembourg-based entity to service rich individuals based in the European Union, the latest in the Wall Street bank’s series of moves to avoid Brexit disruption. The Luxembourg branch of subsidiary Goldman Sachs Bank Europe SE opened last month, according to regulatory records. It will be used for some of Goldman’s European private wealth ...

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