Morgan Stanley’s board will focus on the selection of CEO James Gorman’s successor at its summer and fall meetings, a person familiar with the situation said, while the outgoing boss looks to clear the decks by resolving major regulatory matters.
UK’s Financial Conduct Authority (FCA) is pressing investment platforms including AJ Bell , Hargreaves Lansdown and Halifax for continuing to offer funds from Odey Asset Management to investors, the Financial Times reported.
Britain’s indefinite crisis-era levy on bank balance sheets will shortly put its lenders at a disadvantage to rivals in the European Union and ultimately influence where banks locate their business, a top European bank said on Thursday.
More than three-quarters of the population in Lombardy, Italy’s largest and most industrialized region, banked online last year, compared with the national average of 63%, the Bank of Italy said on Wednesday.
Australia’s Medibank Private Ltd said on Thursday it was facing a fourth shareholder class-action lawsuit over a cyberattack incident last year that exposed the personal data of 9.7 million current and former customers.
Axa on Thursday set goals to limit emissions of climate-warming gases linked to the cars and companies it covers, but an activist group said the French company’s first environmental targets for its insurance portfolio did not go far enough.
Zambia’s debts to the Industrial & Commercial Bank of China and Bank of China will be treated as commercial in debt talks, a senior finance ministry official said Thursday, after a deal was struck with bilateral creditors including China last week.
Britain’s accounting watchdog said on Thursday it had fined PwC and KPMG, two of the world’s top four auditors, for “serious” failings in their auditing of Eddie Stobart Logistics (ESL) company in 2017 and 2018.
New Zealand passed a law on Thursday guaranteeing bank deposits up to NZ$100,000 ($60,770), a move it said would strengthen and protect its financial system.
British motor insurer Direct Line said on Thursday it did not expect a review of claims settled between Sept. 1 2017 and Aug, 17 2022 to have a material financial impact on its 2023 figures, following media reports on the matter.
