Australia’s fourth largest pension fund suspended new work with PwC Australia on Tuesday, the latest in a string of funds to pause work with the accounting firm over a scandal which first surfaced in January over the misuse of government tax plans.
Italy’s UniCredit has appointed a new head of digital to replace an executive hired two years ago from Chinese financial conglomerate Ping An Insurance, while also naming a new head of operations, it said on Tuesday.
Australian general insurer Suncorp on Tuesday forecast a 12% jump in costs associated with catastrophe reinsurance premiums and natural hazards in fiscal 2024 on the back of adverse weather events through the La Niña cycle in recent years.
Britain’s Financial Conduct Authority (FCA) has summoned chief executives of banks to address concerns that savings rates for customers are too low, the Financial Times reported on Monday.
Bank of America and Citigroup said on Monday they had begun a dialogue with the Federal Reserve to understand differing results between the central bank’s stress test and the companies’ own under the Dodd-Frank Act.
UBS has gone on a U.S. recruiting drive for wealth managers catering to rich Americans even as it considers culling 30% of its combined global workforce after the takeover of Credit Suisse.
Japan’s top lenders aim to carve out a larger presence in U.S investment banking as they look to make better use of their massive balance sheets by winning a bigger slice of deals, executives say.
