From a corner conference room overlooking the Thames, Michael Sherwood, a vice chairman of Goldman Sachs Group Inc., has the guts to voice publicly what many in London’s centuries-old financial district are increasingly worried about behind closed doors: that threats to Britain’s membership in the European Union are threats to British business.
The U.K. government may have to pay about 1.2 billion pounds ($2 billion) to a home-shopping company owned by the billionaire Barclay brothers after a judge ruled in their favor in a dispute over 30 years of overpaid taxes.
Hungarian lawmakers can retroactively amend the terms of some loan contracts, the Constitutional Court said in response to a government request concerning about $15 billion in foreign-currency mortgages.
The European Central Bank’s bond- buying plan will be reviewed by the European Union’s highest court as German judges temporarily put aside their doubts about the program credited with quelling the region’s debt crisis.
Spanish and Italian government bonds advanced for a second week on speculation the European Central Bank will remain supportive of sovereign debt, even as it refrained from adding stimulus and faced a legal challenge.