Aviva’s £3.7 Billion Direct Line Deal Gets UK Regulator’s Nod July 1, 2025 By Hugo Miller Aviva Plc’s plan to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($5.09 billion) to create the UK’s...
UBS Acquitted Over Credit Suisse Criminal Money Laundering Case November 27, 2024 By Hugo Miller and Levin Stamm Credit Suisse’s 2022 conviction for failing to prevent the money laundering of a cocaine dealer’s profits was overturned by a...
Credit Suisse Unit Ordered to Pay Georgian Tycoon Ivanishvili $743 Million September 20, 2023 By Hugo Miller A Credit Suisse unit has been ordered to pay billionaire Bidzina Ivanishvili reduced damages of $742.7 million by a Singapore...
UBS Inherits Legacy of Legal Headaches From Credit Suisse May 3, 2023 By Hugo Miller When UBS Group AG integrates Credit Suisse Group AG in the coming months, the Swiss bank plans to run staff...
Credit Suisse Bondholders Who Lost $1.7B in UBS Deal File Lawsuits May 2, 2023 By Hugo Miller and Sabah Meddings Hundreds more Credit Suisse Group AG bondholders sued Switzerland’s banking regulator after their securities valued at about $1.7 billion were...
Credit Suisse ‘Seriously Breached’ Risk Management Obligations in Greensill Case March 2, 2023 By Hugo Miller and Myriam Balezou Credit Suisse Group AG “seriously breached” its risk management obligations in the Greensill Capital supply-chain financing affair, Switzerland’s banking regulator...
Credit Suisse Makes $180M Provision for Major Litigation Costs October 27, 2022 By Hugo Miller and Jeremy Hodges Credit Suisse Group AG has made a 178 million Swiss francs ($180 million) provision for major litigation costs in the...
Impending Dutch Court Decision to Test Shell’s Responsibility for Climate Change May 25, 2021 By Hugo Miller and Laura Hurst A Dutch court verdict against Royal Dutch Shell Plc will determine whether it has a legal responsibility for climate change,...
UK Watchdog Urges Big 4 Accounting Firms to Challenge Clients as Audit Quality Slides July 15, 2020 By Hugo Miller and Michael Kapoor The dominant accounting firms must do a better job of challenging their clients in order to reach a satisfactory level...
From Enron to Wirecard – Big 4 Accounting Firms Still Face Systemic Problems July 2, 2020 By Ellen Milligan and Hugo Miller Two decades of financial disasters from Enron Inc.’s collapse in 2001 to Wirecard AG’s meltdown have left the Big Four...