ING prices rights issue at 40% discount

The Dutch financial services group has priced its €7.5bn rights issue at a near 40% discount as it moves to repay state aid

• Lloyds launches £13.5bn rights issue
• Analysis: Few regrets over bank break-ups

Renault seals Avtovaz revamp deal

Russia announced a Rbs50bn government cash injection into carmaker Avtovaz as part of a rescue agreement with Renault, which will contribute €240m worth of technology and know-how

• Renault statement
• Renault and Moscow agree on Avtovaz

Sweden rules out state bail-out for Saab

Sweden’s prime minister has ruled out a government bail-out for Saab Automobile and warned that European leaders must not stand in the way of efforts to tackle overcapacity in the car industry

BMW sells F1 team back to founder

The carmaker has sold its Formula One team back to its founder, Peter Sauber, scrapping a deal with Swiss-based Qadbak Investments, to secure the team’s future

German lessons for the rest of Europe

Germany’s transition from DB to DC pensions raises particular challenges as there is no legal requirement to fund an occupational pension scheme, but a BMW solution could become a role model for Europe

Commerzbank facing more bonuses lawsuits

A further 21 investment bankers are suing the German bank for more than €16.7m of unpaid bonuses, just months after more than 80 lodged a similar claim in the UK

Lex: EU commission appointments

France and Germany will wield considerable clout in vital areas of business but may be on a collision course with the UK

Anglo Irish sues former chief executive

The state-owned bank is suing David Drumm as it tries to recover what it says are unpaid loans of €8m