Morgan Stanley Pays $35M SEC Fine Over Data Security
About 15 million clients’ details were compromised over a five-year period starting 2015.
Legal
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Swiss private bank EFG sued by ex-basketball star
The three-time champion in the American professional league NBA accuses a customer advisor of the predecessor bank Banca della Svizzera Italiana (BSI) of colluding with his personal financial advisor Paolo Banfi and embezzling 11 million dollars.
Waiting for clarity on an Italian government
Italy’s consumer prices rose 8.4% in July, compared with a year earlier. Inflation in the eurozone rose by an annualised 9.1% in August, from 8.9% in July, estimates Eurostat, the EU’s statistics agency.
New U.K. leader's policies keeping managers on guard
Prime Minister Liz Truss plans to cap energy prices and also wants to cut taxes
CSSF issues communication on requirements according to SFDR and SFDR RTS.
Luxembourg’s Commission de Surveillance du Secteur Financier has issued a communication to the investment fund industry on regulatory requirements in relation to Regulation 2019/2088 on sustainability-related disclosures in the financial services se
'The SNB rate hike slapped the ECB in the face': PineBridge chief economist
‘Negative interest rates were really dumb,’ according to Markus Schomer.
SIX Benefiting from Sino-American Audit Debate
Last month American and Chinese officials agreed to allow Chinese accounting firms to share more information with US regulators about the finances of Chinese companies listed on U.S. stock exchanges.
Top Credit Suisse Lawyer Markus Diethelm Faces Crucial First Test
Starting this week, Credit Suisse faces a three-week trial in the Singapore courts that could end up having it cough up several hundred million more dollars in a case that has already cost it plenty.
Ex-Georgia PM Accuses Credit Suisse of Mishandling Assets
In an opening statement, Ivanishvili’s lawyers said the trustee had calculated losses totaling $818.2 million, below the original estimate of $1.27 billion.
SFDR to determine future fund flows in Europe despite greenwashing concerns
Article 9 funds saw inflows in Q2
Credit Suisse chief Ulrich Körner faces early test in $800mn Singapore trial
Georgia’s former prime minister Bidzina Ivanishvili has already won $608mn in related case
Credit Suisse court spat with billionaire kicks off in Singapore
The dispute with Ivanishvili adds to the problems the newly appointed chief executive officer Ulrich Koerner and chairman Axel Lehmann are keen to resolve as the bank reels from reputational hits in the last 2 years.