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...In the motion, which was seen by the Financial Times, the lawyers demanded the court establish that all of EY’s German business units remain liable for potential damages....
...Munich prosecutors told the Financial Times last week that their investigation was ongoing, and declined to comment further....
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...Dirk Lievens, who is head of Goldman’s financial institutions group for Europe, the Middle East and Africa, moved to Paris last month to be closer to the company’s continental European clients, including...
...PNC, the Pittsburgh-based regional lender, reported that lending dropped by $4bn or 1 per cent....
...Private equity group Carlyle and Abu Dhabi investment group IMI have agreed a fresh debt funding package for the Barclay family’s Very Group, the Liverpool-based retail and financial services group....
...Since White joined the mutual in 2020 from media regulator Ofcom, she has set out to substantially increase the profits the group makes from financial services and building rental homes on its property,...
...People with direct knowledge of the ruling told the Financial Times earlier this week that the watchdog concluded that the audits were “at the very least” negligent, and in some cases grossly negligent,...
...LSEG said on Thursday that these would start to be rolled out later this year, including a new directory of financial services professionals....
...Blackstone over the weekend made a proposal to the company’s board to acquire the music rights group for $1.24 per share in cash to try to derail the recommended offer from Concord....
...The approach underlines private equity interest in the sector and comes after several firms made investments in professional services businesses in the US and Europe....
...Computer-driven hedge funds that bet on trends in financial markets are enjoying strong returns as bets on soaring cocoa prices and a sinking Japanese yen have borne fruit....
...As a result, traditional financial products and the investment-led financial services market have proved less attractive to women, says Ross....
...He said that the financial sector was “a pivotal driver of growth and prosperity in Switzerland”....
...Going public will also boost CVC’s visibility in the competition for investor cash and talent, the Financial Times previously reported....
...Blackstone has won the backing of Hipgnosis Songs Fund’s board as the US private equity group seeks to derail Concord Chorus’s proposed $1.4bn takeover of the UK-listed music rights investment company Blackstone...
...However, rising rates have increased borrowing costs at companies PE equity groups own, putting them under more financial pressure....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...Shares in Mobico fell over 5 per cent after the UK-based transport group said chief financial officer James Stamp would stand down by June after accounting issues affecting its train business in Germany...
...In India — a global hub for back-office services — more than 5mn people work in IT and business process outsourcing, according to industry group Nasscom....
...While these outfits invest globally, persistent outflows from UK-focused funds does not help the mood — or more domestic-focused groups such as Liontrust. Then there are specifics....
...US radio group NRG Media has used Waymark’s AI software to create a video advertising campaign....
...Goldman Sachs and Citadel Securities are among a group of 10 large trading groups backing bond pioneer Howard Lutnick’s renewed tilt on CME’s monopoly on the US Treasury futures market....
...“I remain extremely bullish on Jefferies and fully committed to helping us continue to build the best independent, global and full-service investment banking firm.”...
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