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...
China Scrutinizes PwC Role in $78 Billion Evergrande Fraud Case March 22, 2024 By Bloomberg News Chinese authorities are examining the role of PricewaterhouseCoopers LLP in China Evergrande Group’s accounting practices after the developer was accused...
China Evergrande’s Alleged $78 Billion Fraud Is Among World’s Worst March 19, 2024 By Bloomberg News China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands...
Bank of England Builds ‘Proactive Case’ to Regulate Non-Bank Sector February 26, 2024 By Huw Jones Regulators need broader oversight of financial firms to prevent a crisis in the vast non-bank sector turning into a credit...