Julius Baer agrees to buy Commerzbank in Luxembourg

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Julius Baer has announced that it has agreed to acquire Commerzbank International SA Luxembourg (‘CISAL’), a well-established and fully-licensed private banking franchise with close to EUR 3bn ($3.23bn) assets under management, from Commerzbank.

Amazon’s Luxembourg tax deal to be scrutinised by Brussels

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Brussels is to give its first detailed criticisms of Amazon’s favourable tax arrangements in Luxembourg on Friday in a move that may shed unwelcome light on the financial workings of the Grand Duchy under its former prime minister, Jean-Claude Juncker, who now heads the EU executive.