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, … 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 $ … Read more

Funding obscured: The family office behind Musk’s $ 44 bln Twitter buyout

April 26 (Reuters) – The small family office that is managing the wealth of the world’s richest person and is helping put together the largest-ever acquisition to be carried out by one person is shrouded in secrecy. On Monday, Musk clinched a deal to buy Twitter Inc (TWTR.N) for $ 44 billion in a seminal … 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 US Department of Justice and … Read more