January 20, 2025
The tallest skyscraper in the City of London financial district has reached full occupancy just over four years after it was completed. RiverStone International, a holding company that acquires insurance businesses, has leased the final remaining floor at 22 Bishopsgate, …
December 5, 2024
Amundi SA is interested in acquiring control of Allianz SE’s asset manager Allianz Global Investors as the French company scouts for deals amid industry consolidation, people familiar with the matter said. Europe’s biggest asset manager has been holding on-and-off talks …
November 26, 2024
The next European Commission will urgently seek to streamline the bloc’s many environmental, social and governance rules, as it responds to complaints that excessive regulations are gutting industry competitiveness. Simplification will be at the center of the incoming commission’s work, …
November 25, 2024
France’s Natixis Investment Managers is holding early-stage talks with Italian insurer Generali GASI.MIabout a potential tie-up, a person with knowledge of the situation said, in a deal that could create one of the largest fund managers in Europe. The firms …
November 21, 2024
South African asset manager Ninety One Ltd. has agreed to sell a stake to Sanlam Ltd., joining a raft of investment firms that have been tapping the deep pockets of insurers through such deals. Sanlam, the country’s biggest insurer by …
September 26, 2024
Institutional investors holding a combined $9.5 trillion of assets say they’ve slashed portfolio emissions at a rate that aligns them with the goal of limiting global warming to the critical threshold of 1.5C. The Net-Zero Asset Owner Alliance, whose signatories …
September 17, 2024
The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm was hit with a record fine in the mainland over its audit of failed developer China Evergrande Group. Hong Kong’s …
September 13, 2024
Chinese regulators on Friday hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm’s audit of troubled property developer China Evergrande Group. Delivering a strong …
August 7, 2024
China Evergrande Group’s liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors’ investments from the property giant. Lawyers of liquidators have started legal actions against PwC and PricewaterhouseCoopers Zhong Tian …
August 5, 2024
Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces for penalties over its work for troubled property developer Evergrande, said two sources. The regulators, mainly the Ministry of …