Credit Suisse Plunged Into Chaos After Chairman Ousted for Breaching COVID Rules January 17, 2022 By Ambereen Choudhury and Patrick Winters The banker tasked with fixing Credit Suisse Group AG was ousted just nine months into the job for breaching COVID...
Australia’s Westpac Bank to Pay $80.6M in Penalties, Admits Charging Dead People November 30, 2021 By Adam Haigh Westpac Banking Corp. agreed to pay A$113 million ($80.6 million) in penalties after the Australian regulator alleged the lender had...
Former Atlantia Execs Face Trial over 2018’s Fatal Genoa Bridge Collapse: Sources June 25, 2021 By Emilio Parodi and Francesca Landini Italian prosecutors investigating the deadly collapse of a bridge in 2018 have asked for 59 people, including former Atlantia CEO...
Peloton Apologizes; Reverses Course; Will Recall Treadmills May 6, 2021 By Sanjana Shivdas Peloton announced a recall of its treadmills on Wednesday, reversing course just weeks after saying there was “no reason” to...
Analysts Affirm CNA Ratings As Insurer Continues Probe of Cyber Attack March 29, 2021 By Andrew G. Simpson CNA Financial Corp.’s financial ratings have not been affected by the insurer’s recent cyber attack. AM Best, S&P Global Ratings...
Insurers Looking Into Rise in Lawsuits Against Firms Over Lack of Diversity December 1, 2020 By Suzanne Barlyn U.S. insurers are taking a closer look at the recruiting and succession practices of corporate customers, worried about mounting lawsuits...
Mining Giants BHP, Vale Accused of Colluding to Cut Payouts to Victims of Dam Collapse October 26, 2020 Brazilian federal prosecutors have accused mining giants BHP and Vale of colluding with a lawyer to reduce compensation for victims...
Australia’s Westpac Takes A$1.2B Charge Against Q2 Earnings for Laundering, Refunds October 26, 2020 By Edward Johnson Westpac Banking Corp. has taken a A$1.2 billion ($871 million) charge against second-half earnings to cover a record money-laundering fine...
European Insurers Worried Regulators May Block COVID-19 Dividends September 9, 2020 Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time...
Coordinated Twitter Hacking Raises Concerns About Platform’s Security July 16, 2020 By Joseph Menn and Raphael Satter The extraordinary hacking spree that hit Twitter on Wednesday, leading it to briefly muzzle some of its most widely followed...