KKR Weighs Entering Private Credit in Japan to Challenge Banks June 3, 2024 By Taro Fuse KKR & Co. is considering entering the private credit market in Japan to provide an alternative to bank loans. “It...
China Weighs Record Fine for PwC Over Evergrande Audit Work May 30, 2024 By Bloomberg News China is poised to impose a record fine on PricewaterhouseCoopers LLP and suspend some of the global auditor’s local operations...
PwC Lost Five China Clients After Evergrande-Linked Probe May 29, 2024 By Xinyi Luo PricewaterhouseCoopers LLP lost five Chinese clients in May alone, adding to a list of more than a dozen firms its...
Highlighting Exxon Suit, Investors Urge Firms to Keep Shareholder Spats Out of Court May 28, 2024 A group of around 40 large European and American institutional investors on Tuesday urged companies to refrain from taking shareholders...
Japan’s Insurers Surge on Buybacks, Unwind of Cross-Holdings May 21, 2024 By Aya Wagatsuma and Winnie Hsu Shares of Japanese insurers MS&AD Insurance Group Holdings Inc. and Tokio Marine Holdings Inc. surged after the companies announced stock...
Citi’s CEO Fraser Wary of Insurance Giants’ Role in Private Credit April 25, 2024 By Nicholas Comfort Citigroup Inc. Chief Executive Officer Jane Fraser warned that there’s a risk to the growing number of insurers piling funds...
UK Firms Told to ‘Urgently Review’ Green Claims Amid Crackdown April 24, 2024 By Greg Ritchie Firms operating in the UK are being advised to go through any products and services around which some sort of...
Private Credit Is Top Choice for Insurers Managing $13 Trillion April 5, 2024 By Liz Capo McCormick For the first time, a fixed-income sector — private credit — topped the list of favored assets in Goldman Sachs...
Generali Completes Purchase of Conning and Affiliates From Cathay Life April 3, 2024 Generali announced it has completed the acquisition of Conning Holdings Ltd. (CHL) and Conning affiliates from Cathay Life, a subsidiary...
Asset-Backed Securities Face New Risks From US Court Decision March 28, 2024 By Scott Carpenter A federal court decision has raised new legal risks for a corner of Wall Street that bundles consumer loans into...