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Apas stops short of establishing criminal intent in Big Four firm’s conduct
...Should the professional service firm be sentenced to pay damages to Wirecard shareholders, it could shift its existing audit business into the new entity and declare the old one insolvent, he warned....
...Influential shareholder adviser Institutional Shareholder Services has clashed with two of Germany’s biggest blue-chips over a lack of boardroom independence, recommending the chairs of BASF and Munich Re...
Regulations stopping lenders growing allows US rivals to dominate, says CEO overseeing Credit Suisse takeover
...Another one notes that the company is “actively expanding our base of corporate clients” for payroll services....
Move comes as authorities face $9bn in legal claims over rescue of failed bank
Bank had to break leases to vacate defunct rival’s buildings
...The backlog of customer service issues has emerged months after the German lender promised to quickly fix the widespread disruption caused by a botched IT migration project....
...Of those it intends to keep open, 100 will no longer offer Deutsche Post services, according to people familiar with the matter....
Big Four firm botched audit work and quality control over several years, Apas concludes in multiyear investigation
Big Four firm seeks to conclude years-long crisis triggered by work for defunct payments firm
Swiss lender awards returning chief executive $15.9mn for steering integration of Credit Suisse
...An investigation by the FT found that the Austrian bank had posted 2,400 job advertisements in Russia since December, with some 1,500 for sales management and customer service roles....
Exit leaves barely any senior managers from failed Swiss bank remaining at combined group
...But thousands of clients were locked out of their accounts and service centres were overwhelmed after 12mn clients and 50bn individual data sets were moved to a different IT system....
...Instead, the regulator in its report referenced anonymised companies “[Company A] Bank AG” and “[Company A] Capital (UK) Limited”....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
Swiss bank says it plans to buy back up to $1bn in shares this year
...Job moves Stephanie Cohen, one of the most senior female executives in Goldman Sachs’ history, is leaving to become chief strategy officer of digital services group Cloudflare....
Dutch banker to become first non-German head of Europe’s largest futures marketplace
...In the world of security services where companies are gripped by labour shortages, some are turning to robots....
...Ant’s bid for Credit Suisse Securities (China) Ltd, which includes investment banking and brokerage services in mainland China, could complicate UBS’s plans to dispose of its stake in the unit....
...to German security services....
...It is also prepared to lose some former Credit Suisse clients who are overly reliant on borrowing from the bank without paying enough for other products and services....
...“Toyota doesn’t do this stuff out of the kindness of their hearts,” said Paul Hohenshell, a production worker with 25 years of service....
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