Nicholas Comfort

1 week ago | bloomberg.com | Nicholas Comfort

Als Zollbeamte einen Lkw-Fahrer an einer bayerischen Raststätte festnahmen, fanden sie zwei Plastiktüten, die mit Hunderttausenden von Euro in Banknoten gefüllt waren. Der Fahrer gab an, dass das Geld für die Opfer eines Erdbebens in der Türkei bestimmt und er angewiesen worden sei, es an der Grenze zu diesem Land zu übergeben.

1 week ago | bloomberg.com | Nicholas Comfort

When customs officers apprehended a truck driver at a Bavarian rest stop, they found two plastic bags filled with hundreds of thousands of euros in bank notes. The driver said the money was destined for victims of an earthquake in Turkey and that he was told to hand it over at that country’s border. He didn’t know the men who gave him €10,000 ($11,000) for gas and food, or why they paid him such an amount for a trip that only takes a few days.

1 week ago | news.bloomberglaw.com | Nicholas Comfort |Claudia Cohen

The European Central Bank has taken a negative view on applying a rule to BNP Paribas SA’s planned acquisition of Axa SA’s asset manager that would have made the deal financially more attractive, people familiar with the matter said. In opposing the use of the regulation, known as the Danish Compromise, the ECB’s banking supervision arm wants to ensure equal treatment across the industry, the people said, asking not to be identified discussing internal deliberations.

1 week ago | bloomberg.com | Nicholas Comfort

The Euro Sculpture at Willi-Brandt-Platz in the financial district of Frankfurt, Germany, on Thursday, March 6, 2025. The European Central Bank lowered interest rates for the sixth time since June and indicated that its cutting phase may be drawing to a close as inflation cools and the economy digests seismic shifts in geopolitics.

1 week ago | news.bloomberglaw.com | Nicholas Comfort |Claudia Cohen

The European Central Bank has taken a negative view on applying a rule to BNP Paribas SA’s planned acquisition of Axa SA’s asset manager that would have made the deal financially more attractive, people familiar with the matter said. In opposing the use of the regulation, known as the Danish Compromise, the ECB’s banking supervision arm wants to ensure equal treatment across the industry, the people said, asking not to be identified discussing internal deliberations.