Europe

Deutsche Bank had expressed interest in purchasing the portfolio loans to the greek shipping industry, currently owned by Royal Bank of Scotland (RBS), as reported by Sky News. The value is around $ 3 billion.

The major German bank is not the only one to have expressed interest in the assets of RBS. China Merchants and Credit Suisse have already begun negotiations, but has not yet signed any official agreement. The news comes at a time of high volatility on Deutsche Bank shares, considering the announcement last week, in which the German Institute announced it would sell its "shipping loan portfolio" at least $ 1 billion.

Volkswagen still under fire for Dieselgate: a South Korean executive of the group, as reported by the Wall Street Journal, has been called upon to tampering with data on vehicle emissions and "the question" is therefore officially opened also in South Korea, where other German house manager could soon be questioned by local authorities, from the local head of the Wolfsburg Johannes Thammer home.

Fiat Chrysler Automobiles (Fca) "assumes hackers." As it will also make Autonews.com reports, FCA, first among the generalist manufacturers, scalded by the case it happened a year ago, when the two hacker Charlie Miller and Chris Valasek took remote control of a Jeep Cherokee driven at that time by a journalist.

Italy’s recovery continues, but more than expected, due to the outcome of the referendum on Brexit that slows the growth of the country, with the GDP will record a lower growth to 1% in 2016 and equal to 1% in 2017.
The IMF cuts economic forecasts for Italy, which asks for action on the front of the banks with their 360 billion euro of non-performing loans in the financial statements impede investment and growth.

Theresa May, 59-year-old, is in fact the new prime minister of the UK, although the task will be delivered only in October when David Cameron will step down formally in the hands of Queen Elizabeth.

Within a few months as well, the British island will have its second female Prime Minister and once again the conservative extraction, after ten years of Margaret Thatcher.

Ireland is definitely a new phase of economic development: according to data provided by the Central Bureau of Statistics of Dublin, the country has grown in 2015 to an astonishing percentage of 26.3%. The increase in GDP was revised from + 7.8% as previously reported, which had already been considered as far better than the results recorded in Europe and the West even more than an economic power like China.

The Brexit, according to experts of the BAK Basel research center, will also have consequences for Switzerland. In a statement released today, the institute revises downwards its forecasts for Swiss GDP, with an expected growth for 2017 at 1.5% and 2% for 2018.

Before the British vote, the forecast was an increase respectively of 1.7% and 2.2%. In the current year should not however expect appreciable consequences to gross domestic product is expected to grow as forecast by 1%.

Investors need not fear: Credit Suisse is now "safer than ever", supports the chairman of the management Tidjane Thiam, pointing out that the institution is making progress in its transformation process.

"The course of action should not be confused with the security of the bank and with the solidity of the budget," Thiam said in an interview published yesterday by the NZZ am Sonntag. In fact, the bank is working with a long-term strategy that will bear fruit later. "The course of action will move when they give you the results and when our strategy will give a good account of himself", he says he is convinced Thiam.