UBS said to be 'very pessimistic'

Paris Hilton

UBS is “very pessimistic” about reaching an agreement with French authorities to settle a case of alleged tax fraud that forced the bank to post a $1.2bn bond to cover any potential penalties three years ago, Journal du Dimanche reported.

How France scrapping the euro could go beyond a ‘Lehman moment’

Five Euro Note

Past performance is no guide to future returns, as investors are so often told, but the French electorate runs the risk of creating a crisis worse than the fall of Lehman Brothers if it follows the U.K. in instigating a referendum on EU membership, according to analysts at Deutsche Bank.