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BRUSSELS (Reuters) – European Union member states unanimously rejected on Friday a proposal to blacklist Saudi Arabia and four U.S personalised cufflinks for daddy. territories for lax controls on terrorism financing and money laundering, sources told Reuters. Saudi Arabia, a major importer of EU weapons and goods, had lobbied against being branded a “high-risk” country, as had been proposed by the bloc’s executive European Commission. Representatives of EU states meeting in Brussels on Friday agreed a statement on the matter, which was seen by Reuters and is expected to be formally adopted by justice and home affairs ministers meeting on Thursday..
LONDON (Reuters) – The EU bank watchdog has urged member states to protect customer deposits in branches of British banks in the European Union if Britain leaves the bloc this month with no deal. Bank deposits are covered by national deposit guarantee schemes which protects sums up to 100,000 euros under EU law – but that does not extend to branches of a bank from outside the EU. The European Banking Authority said EU states needed to ensure that depositors in the branches of UK banks in the bloc were adequately protected in case of a no-deal exit by Britain on March 29 personalised cufflinks for daddy.
The regulator said the Britain’s departure was not likely to affect deposit protection in most credit institutions operating in the EU. “It may affect branches of UK credit institutions in the EU depending on the decisions taken by the UK authorities on the potential exclusion of such branches from the scope of the UK depositor protection scheme, after the UK’s withdrawal from the EU.” the watchdog said on Friday personalised cufflinks for daddy. EBA said the unprecedented situation had forced it to take action because EU law on deposit protection does not say how cross-border payouts involving a non-EU bank branch should be carried out..
The watchdog noted that the Bank of England had proposed in October that EU branches of British banks would no longer be protected by Britain’s deposit protection scheme. The BoE confirmed this approach on Thursday, the EBA said. Under this approach, customers of British banks in the EU would lose protection unless the branches joined the local deposit guarantee scheme, EBA said. The BoE had no immediate comment on EBA’s statement. London-based EBA is moving to a new office in Paris because of Brexit personalised cufflinks for daddy.
(Reuters) – Kraft Heinz Co faces a new lawsuit questioning why controlling shareholder 3G Capital transferred $1.23 billion of stock six months before the processed foods company stunned investors with a huge writedown and other bad news personalised cufflinks for daddy. The proposed class-action lawsuit made public on Wednesday is among the first accusing Kraft Heinz, whose other controlling shareholder is Warren Buffett’s Berkshire Hathaway Inc, of defrauding shareholders about its business prospects. Kraft Heinz’s share price sank 27.5 percent on Feb. 22 after the company took a $15.4 billion writedown on its Kraft and Oscar Mayer brands and Canadian assets, as consumers shifted to healthier and fresher alternatives or private-label products..