CashNews.co The chief executive of a North Sea oil and gas group faked bank statements and forged board documents to steal at least €143.8mn, according to a London lawsuit filed by his former company and backer of an Iranian petrochemicals maker. The High Court claim is one of several legal battles around the world that […]
Former SEC chair Jay Clayton tapped as Wall Street’s top cop #NewsMarket
CashNews.co Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump will nominate Jay Clayton, the former head of the Securities and Exchange Commission, as US attorney for the Southern District of New York, one of the most prestigious prosecutorial posts […]
US money market funds hit all-time high of $6.67tn #NewsMarket
CashNews.co US money market funds hit all-time high of $6.67tn Read More #cashnews #newsfinace #finance #FollowsCashnews
Ex-BDO auditor banned for 20 years for faking signatures and documents #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Accountancy myFT Digest — delivered directly to your inbox. A former auditor at BDO has been given a 20-year ban by the regulator for faking electronic signatures and evidence and filing false company accounts. The Financial Reporting Council, which oversees the UK accountancy profession, […]
Reeves to tell regulators to dial up risk in UK financial services #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Chancellor Rachel Reeves will tell City of London regulators to dial up the risk in the UK financial services sector, claiming that rules drawn up after the 2008 financial crash have “gone too […]
Britain’s bold plan to create super funds #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The two weeks since Rachel Reeves delivered her first UK Budget as chancellor have been pretty downbeat. Businesses have griped over her tax rises, gilt yields have nudged up and the election of the […]
Rachel Reeves seeks scale to solve UK pension investment problem #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. The author is an independent analyst and a contributing editor of the Financial Times With the third-largest funded pension system in the world, the UK is financial asset-rich. But it is also investment poor. […]
Climate action in fossil fuel sector has ‘stalled’, says report #NewsMarket
CashNews.co This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning, and welcome back to Energy Source, coming to you from New York, where wildfires continue to […]
China borrows almost as cheaply as US in return to dollar bond market #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. China has borrowed almost as cheaply as the US after returning to the global dollar bond market for the first time in three years. Investors placed nearly $40bn of orders to buy […]
European gas prices surge on potential disruption from Russia #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the EU energy myFT Digest — delivered directly to your inbox. European gas prices hit their highest levels in a year on Thursday after Austrian group OMV warned of a potential disruption to supplies from Russia. Futures on the European benchmark, TTF, rose as much […]