LONDON — There’s no free lunch in finance – except when banks are wooing workers back to the office. London’s financial sector, keen to return to a semblance of normality after the worst of the pandemic, is leading the charge …
LONDON – Britain should not be “short-sighted” and copy European Union rules just to keep financial activity in London, Bank of England executive director for financial stability Alex Brazier said on Monday. The City of London was cut adrift from …
Fidelity National Information Services Inc. (FIS) agreed to buy Worldpay for about $35 billion on Monday, with the U.S. financial services provider striking the biggest deal to date in the fast-growing electronic payments industry. The financial technology sector is consolidating …
The European Union and Singapore have finalized the details of one of the world’s most comprehensive free trade agreements, a pact the EU sees as a stepping stone towards a wider deal with booming economies in Southeast Asia. The European …
New rules to ensure no insurance company is too big to fail are set to be drawn up in time for the 2012 meeting of G20 leaders, although unlike banks they may not include capital surcharges, according to industry supervisors. …
The string of accounting problems and stock plunges at publicly traded Chinese groups has sparked deep concerns across the world’s biggest audit firms, putting the so-called Big Four on alert from worries that their reputation could be brought down along …
Japan’s nuclear crisis is likely to lead to one of the country’s largest and most complex ever set of claims for civil damages, handing a huge bill to the fiscally strained government and debt-laden plant operator, Tokyo Electric Power Co. …
The Group of 20’s financial taskforce said on Friday there is still much work to be done on its regulation agenda to ensure that financial stability is secured. In a progress report to the leaders’ summit in Seoul, the Financial …
It would be unfair to include insurance companies in the European Union’s proposed banking levy, industry supervisors said Sunday. Yoshihiro Kawai, secretary general of the International Association of Insurance Supervisors (IAIS), said the insurance industry should not be caught up …
