governance
- Finance
An Audience With Lord Grimstone: Luring investment post-Brexit is a ‘globally competitive sport’
“I always chuckle when I’m referred to as a City grandee,” Lord Gerry Grimstone says. But if anyone merits the…
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Ex-BlackRock sustainable CIO on how ESG risks turning into a mis-selling scandal
Tariq Fancy was BlackRock’s sustainable investing CIO between 2018 and 2019, and had a unique vantage point into the world’s…
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BlackRock’s Fink ‘ducking the fight’ over ESG, claims former exec
A former BlackRock executive has accused chief executive Larry Fink of “ducking the fight” over ESG, following claims that the…
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Lower taxes for banks to keep UK competitive, TheCityUK says
The UK government should reduce the overall tax burden on its banks, as well as bolster fintech and future growth…
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BlackRock, abrdn plus 123 others make the cut for tough ESG code, firms with £12tn AUM fail
A third of asset managers and other groups that applied to become signatories to a tough governance code for investors…
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DWS greenwashing probes shift fund industry into high alert
Asset managers are on high alert following probes by US and German financial regulators into the sustainable investment claims from…
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Esma issues warning on crypto’s ‘soaring’ environmental cost
The European Union’s top markets regulator has issued a warning on rising environmental damage from investing in digital currencies. In its latest…
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DWS defends its approach to ESG amid greenwashing probe
DWS, the listed German asset manager majority-owned by Deutsche Bank, has defended itself against allegations made by a former employee…
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Deutsche Bank’s DWS Group sees shares slump amid SEC probe on ESG claims
The share price of Deutsche Bank’s asset management arm, DWS Group, sank by more than 10% when markets opened following…
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Deutsche Bank’s asset management arm under US investigation over ESG issues
US authorities are investigating Deutsche Bank’s asset-management arm, DWS Group, after the firm’s former head of sustainability said it overstated…
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Jupiter expands in the US with key hires from Janus Henderson, Allianz
UK-based asset manager Jupiter said it is increasing its business in the US to meet rising institutional interest in its strategies.…
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Edward Bonham Carter: ‘Brexit makes UK assets ripe for takeovers’
Edward Bonham Carter is in a hurry when we connect via a video call. The 61-year-old, who is wearing a…
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Dan Loeb’s Third Point is the target of an activist campaign — shareholders are enjoying the spoils
Dan Loeb’s Third Point is a prototypical activist investor, agitating for changes at huge companies such as Intel, Sony Group…
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EU rules seeking to prevent greenwashing require fund managers to rank ESG
The European Union’s new regulation aimed at preventing “greenwashing” requires fund managers to categorise funds based on their environmental, social…
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KPMG and former partner hit with £13m fine over misconduct in Silentnight sale
Big four auditor KPMG and a former partner in the firm have been fined and severely reprimanded by the accounting…
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Aviva plans to shrink in order to grow in investment management
What is Aviva going to do about its underperforming Aviva Investors asset management arm, demanded Philip Meadowcroft at the insurance…
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Bank of America names senior bankers to lead new ESG group
Bank of America has named two of its most senior bankers in Europe to lead a new group focused on environmental,…
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BlackRock buys climate change tech to bolster Aladdin platform
BlackRock, the world’s largest asset manager, has acquired climate change modelling technology from an independent consultancy to integrate into its…
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CEOs want SEC climate reporting separate from earnings but concede new rules are likely
CEOs at the powerful Business Roundtable, investor groups and mostly Democratic lawmakers told the Securities and Exchange Commission they’d support…
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Square has ‘no plans’ to buy more bitcoin after $20m loss
Payments fintech Square said it has no plans to buy more bitcoin for its corporate treasuries, after losing $20m on…
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