The trader accused of causing about $7 billion in losses at Societe Generale told investigators that he believes his bosses were aware of his massive risk-taking on markets but turned a blind eye as long as he earned money, a judicial official said.
Britain's tax authority is investigating up to 100 British citizens with bank accounts in secretive Liechtenstein after buying data from an informant in a similar move to Germany, a newspaper reported on Sunday.
From harsh criticism of the Federal Reserve in the United States to the MIPIM real estate conference in Cannes, the week was filled with compelling video. But only seven made the cut.
Investors hope the second quarter will be better than the first, when markets went on a rollercoaster of writedowns, trading scandals and record oil prices. Here are CNBC Europe's best videos of the first quarter.
The weak dollar is the main factor keeping prices at high levels, not the supply of oil, and that situation is likely to continue, current OPEC president Chakib Khelil, who is also Algerian Oil Minister, said on Tuesday.