Credit Suisse lands on UK watchlist for stricter supervision, Financial Times reports

A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse/File Photo Register now for FREE unlimited access to Register June 12 (Reuters) – The UK’s Financial Conduct Authority has put Credit Suisse (CSGN.S) on a watchlist of institutions in need of stricter supervision, the Financial Times reported … Read more

Finance faces new nature-positive disclosure requirements

DAVOS, Switzerland, May 26 (Reuters)-Financial firms already struggling with climate-compliance due to unclear measurement metrics will soon face new disclosure requirements for biodiversity, or nature-related, investments. “Nature is a financial risk for business,” Elizabeth Mrema, co-chair of the Taskforce on Nature-related Financial Disclosures (TNFD), told the Reuters Global Markets Forum, adding that $ 10 trillion … Read more

Allianz to pay $ 6 bln in US fraud case, fund managers charged

NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $ 6 billion and its US asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19 pandemic. Allianz’s settlements with the U.S. Department of Justice and U.S. Securities … Read more

Activist firm Elliott pushes Western Digital to split its businesses

A Western Digital office building is shown in Irvine, California, US, January 24, 2017. REUTERS / Mike Blake / File Photo Register now for FREE unlimited access to Register May 3 (Reuters) – Elliott Management on Tuesday disclosed it held a stake of nearly $ 1 billion in Western Digital and pushed the company … Read more