China Asks Large State Financial Institutions to Drop Auditor PwC, Sources Say August 5, 2024 Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it...
AXA IM Prime Buys 20% Stake in French Private Credit Firm Rivage July 30, 2024 By Swetha Gopinath A unit of AXA Investment Managers has agreed to acquire a minority stake in Rivage Investment, a specialist private credit...
British Insurers Propose Green Infrastructure Funding Model July 23, 2024 By Huw Jones Britain’s insurers set out plans on Monday on how to channel billions of pounds freed up from their safety buffers...
PwC Weighs Halving of China Financial Services Audit Staff, Sources Say July 16, 2024 By Julie Zhu PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of...
Global Reserve Managers Upbeat on Growth but Worry About Geopolitical Risks July 11, 2024 An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who...
PwC Starts Mass China Layoffs After Losing Dozens of Clients July 10, 2024 By Bloomberg News PricewaterhouseCoopers LLP is cutting staff across its China operations, according to people familiar with the matter, after an exodus of...
Japan Insurers Plan to Sell $3.1 Billion Worth of Honda Shares, Reuters Reports July 2, 2024 Japan’s four top property and casualty insurers, along with other financial firms, are planning to sell around ¥500 billion ($3.1...
Catastrophe Bonds Are Luring Retail Investors to High-Risk Debt June 24, 2024 By Gautam Naik There was a time when investing in catastrophe bonds was the preserve of hedge funds and other sophisticated alternative asset...
Evergrande Liquidation Lawyers Probe PwC, Others to Recoup Creditor Losses: Sources June 14, 2024 By Xie Yu Lawyers appointed by the liquidators of China Evergrande Group 3333.HK are investigating some of the property developer’s service providers including...
Insurers to Build Private Credit Exposure in Coming Years: Moody’s June 7, 2024 By Matt Tracy Global insurers plan to invest further in the coming years in the growing but opaque private credit market, according to...