Health and consumer crisis: Europeans remain cautious

The FINANCIAL -- According to BNP Paribas, for nine months now, Europe has been dealing with the Covid 19 crisis and the resulting restrictions (lockdowns, curfews, etc.) it has imposed. The second wave had not yet hit, but households were already showing very…

7 mins read

Adidas replaces KfW syndicated loan facility

The FINANCIAL — Following a series of successful financing activities, adidas has replaced the syndicated revolving loan facility under participation of KfW, Germany’s state-owned development bank. The company had received the approval of the German government for the participation of KfW in…

3 mins read

Société Générale reported €1.26 bln loss

The FINANCIAL — One of the leading European financial services groups – Société Générale, today announced second quarter 2020 financial results. Revenues at its equity trading unit dropped 79.5 % compared with the same period in 2019. Customer activity gradually picked up from mid-May,…

6 mins read