Four international banks have been cleared of criminal charges related to the 2003 collapse of the Parmalat dairy empire. They all issued statements expressing satisfaction with the ruling, which brings to an end the two-year trial, one of a series seeking to assign blame in the corporate failure that still ranks as Europe's largest. Parmalat collapsed under the weight of its €14bn (£12bn) debt. The banks, which claimed they were defrauded by Parmalat, always denied wrongdoing.
Banks cleared of charges over parmalat collapse
- Soldier killed on streets of Woolwich named as Drummer Lee Rigby, 25
- Good guy Zach Galifianakis: Hangover actor takes 87-year-old friend Mimi, who he saved from homelessness, to LA movie premiere
- Family tribute to murdered soldier
- Video: Are you a cucumber like David Beckham? Or a tomato like Eamonn Holmes?
- David Cameron: Murder of soldier in Woolwich a 'betrayal of Islam'
- Pair attacked by group at Balmoral Show car park
- FHM's sexiest women poll sees Mila Kunis knock Tulisa off her perch
- Woolwich: Police shoot two men after soldier is beheaded in London street
- Cannes femmes: Flashes and flesh on the red carpet as Irina Shayk and Alessandra Ambrosio shimmer at 'All is Lost' first night
- Madonna: Elton and I have made up
Latest Business News
Northern Ireland healthcare firm lands business in Brazil
A Northern Ireland medical firm has secured its first lucrative business deal in Brazil.
Pay bills 'on the go' with new bank app
The volume of people turning to their mobile phones to sort out their finances "on the go" is set to surge over this bank holiday weekend, a bank predicts.
State-backed banks confident over capital
THE UK's state-backed banks will not have to tap investors for extra cash as they attempt to shore up their balance sheets in case of future financial shocks.
IT firm eyes drive for autistic staff to gain edge on rivals
The German IT firm SAP wants to employ people with autism to give itself a competitive advantage over its rivals.
Public borrowing down to £6.3bn
Public sector borrowing dipped to £6.3bn in April to give the Government breathing space in attempts to slash the deficit.
New figures give manufacturers cause for cautious optimism
The UK's manufacturers are still struggling to recover from the economic downturn but remain hopeful about prospects improving soon, figures have shown.