US needs full access to Chinese company audit papers to resolve accounting disputes – watchdog

The US Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst Register now for FREE unlimited access to Register WASHINGTON, Aug 1 (Reuters) – The US public company accounting regulator will not accept any restrictions on its access to the audit papers of … Read more

Analysis: Wall Street weighs job cuts as deals slide in battered markets

NEW YORK, July 29 (Reuters) – Wall Street bosses are in a bind about whether to cut investment bankers or keep them on staff in hopes of a recovery from a brutal first half. With risks of a recession looming and the Federal Reserve raising rates aggressively to stem inflation, prospects for arranging and financing … Read more

UK financial watchdog fines three former Carillion executives

Financial Conduct Authority’s (FCA) logo is seen at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville Register now for FREE unlimited access to Register LONDON, July 28 (Reuters) – Britain’s financial watchdog said on Thursday it has fined three former executives of Carillion for “recklessly” publishing misleading financial statements before the … Read more

UniCredit Italy private banking head exits as business reorganized

MILAN, July 25 (Reuters) – UniCredit (CRDI.MI) is further overhauling its structure under CEO Andrea Orcel, an internal memo showed on Monday, in changes that include the departure of Stefano Vecchi, head of the group’s Italian private banking and wealth management unit. Since taking the reins at UniCredit in April 2021, Orcel has been reorganizing … Read more

Consensus-driven Blume to usher in new leadership era at Volkswagen

Oliver Blume, CEO of luxury car manufacturer Porsche AG, speaks at the Automobilwoche car summit in Ludwigsburg, Germany, November 10, 2021. REUTERS/Andreas Gebert Register now for FREE unlimited access to Register FRANKFURT, July 22 (Reuters) – The appointment of Oliver Blume as the next boss of Volkswagen (VOWG_p.DE) heralds a change in management style … Read more

Britain to toughen accuracy safeguards of company statements

People walk across Millennium Bridge with the City of London financial district seen behind, amid the coronavirus disease (COVID-19) pandemic, in London, Britain, January 20, 2021. REUTERS / Hannah McKay Register now for FREE unlimited access to Register LONDON, July 12 (Reuters) – Starting in January 2024, company directors will have to give investors … Read more

Real estate giant appeals ‘each and every part’ of contempt order in New York Trump probe

NEW YORK, July 6 (Reuters) – Cushman & Wakefield (CWK.N), which appraised several properties belonging to Donald Trump, on Wednesday appealed “each and every part” of an order finding it in contempt of court related to subpoenas in a civil probe into whether the former US president manipulated asset values. Justice Arthur Engoron of a … Read more

UniCredit CEO Orcel takes direct charge of Italian business – memo

Andrea Orcel, then UBS chief executive, leaves after attending a UK parliamentary inquiry into Libor interest rates in London January 9, 2013. REUTERS/Olivia Harris Register now for FREE unlimited access to Register MILAN, July 6 (Reuters) – UniCredit CEO Andrea Orcel has taken direct responsibility for running the Italian bank’s domestic business after the … Read more