DWS in advanced talks with SEC to resolve greenwashing investigation July 26, 2023 DWS, the German fund manager controlled by Deutsche Bank, said on Wednesday it was engaged in advanced resolution discussions with the US SEC to resolve their ESG investigation, which has been hanging over the company for two years. The firm booked €21m in provisions regarding regulatory matters during the first half of the year. Since [...]
City watchdogs risk ‘watering down’ London rules in red tape bonfire, FTSE bosses warn July 25, 2023 City watchdogs are at risk of “watering down” standards in the capital as the government throws its weight behind with a slew of reforms to the listings regime and capital markets, FTSE bosses have warned.
GAM takeover: Rebel shareholders urge regulator to block ‘deceptive’ claims as Liontrust spat erupts July 25, 2023 A group of rebel GAM shareholders trying to block the firm’s takeover by Liontrust has called on Swiss regulators to step in and prevent “deceptive” and “misleading information” being spread about its own offer.
Bridgepoint hopes for deals rebound later this year as sluggish exit market hits income July 25, 2023 Private equity giant Bridgepoint said it was betting on a rebound in dealmaking in the second half of the year today after its investment income slumped in the first six months amid lingering volatility and a sluggish exit market.
Wave of pension mergers looms as Hunt presses on with reform July 24, 2023 A wave of consolidation is coming in the UK’s pension sector as bigger master trusts guzzle up smaller peers and the government throws its weight behind reform, a top UK pension chief has predicted.
Atom Bank swings to first profit as juicy rates tempt in savers July 24, 2023 Atom Bank has notched its first full year of operating profit today after jacking up its savings rates and nearly doubling its customer base over the past year.
Liontrust waives key GAM offer term after spat with rebel shareholders July 24, 2023 Liontrust Asset Management has backed down on a key condition of its offer for Swiss rival GAM today after facing from a rival group of shareholders on its offer.
MPs slam lack of diversity in venture capital market as just two per cent of funding goes to all-female founded businesses July 24, 2023 MPs have slammed the lack of diversity in the venture capital industry, demanding that the government take greater action to improve representation of women and ethnic minorities in the sector. In a new report, the influential Treasury select committee highlighted that just two per cent of venture capital funding in 2021 went to businesses with [...]
City firms feel the pinch as FCA ramps up action July 20, 2023 The Financial Conduct Authority has tightened the screws on City firms over the past 12 months as it shut off nearly 30 per cent more companies than the previous year.
CVC raises €26bn for record-breaking buyout fund July 20, 2023 Buyout giant CVC has raised a record-breaking $26bn for its latest fund making it the single biggest buyout vehicle in history.