The accounting watchdog said Thursday that it has opened an investigation into PwC's audit of the 2023 consolidated financial statements of investment company Digital 9 Infrastructure.
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TOP NEWS

PwC Faces Probe Over Audit Of Troubled Investment Firm

By Eddie Beaver

The accounting watchdog said Thursday that it has opened an investigation into PwC's audit of the 2023 consolidated financial statements of investment company Digital 9 Infrastructure.

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Adviser Loses Challenge To FCA Ban Over Stalker Disruption

By William Janes

A financial adviser has lost his challenge to a ban for failing to comply with regulatory requirements for six years, as a tribunal ruled that having to move house because of a stalker and suffering health problems did not excuse him.

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Ex-Trader Says Deutsche Bank Can't Block £12M Claim

By Sophia Dourou

A former Deutsche Bank trader has hit back at the lender's counterclaim, denying that his conviction for tricking market competitors through a "spoofing" scheme voids his £12 million ($16 million) claim.

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LITIGATION

Ex-Fidelity Pro Can't Get Temp Pay In Whistleblowing Case

By Hanna Vioque

Fidelity Investments does not need to pay or reinstate a member of staff while he waits for a judge to rule on his claims for unfair dismissal and whistleblowing detriment because the case was not sufficiently clear-cut, an employment tribunal has ruled.

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Crypto CEO Fights Extradition On Human Rights Grounds

By Ronan Barnard

The former chief executive of a crypto-asset company fought against extradition to the U.S. on fraud charges on Thursday, telling a London court that it would violate his human rights as he would be at an increased risk of suicide.

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POLICY & REGULATION

Fed Ends Crédit Agricole, Goldman Enforcement Orders

By Jon Hill

The Federal Reserve said Thursday that it has closed out another batch of longstanding enforcement actions against big banks, freeing Crédit Agricole, Goldman Sachs and Taiwan's Mega Bank from orders that date to at least 2018.

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FCA Finds Customer ID Gaps At Banks, Asset Managers

By Alex Davidson

The Financial Conduct Authority has found in a review that banks, asset managers and other financial institutions are failing to make proper background checks on customers to prevent crime.

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Insurance Body Calls For Changes To EU Tax Reform Plans

By Alex Davidson

Insurance Europe has urged European Union lawmakers to give workplace pension institutions that are regulated as insurers the same fast-track dividend tax relief as other pension providers in tax reforms which are pending.

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DEALS

LSEG Starts Fresh £900M Buyback After Earlier Stage Ends

By Tom Fish

The owner of the London Stock Exchange said Thursday that it will begin a new share buyback program worth up to £900 million ($1.2 billion) as it continues its long-term plan to return cash to shareholders and reduce the company's share capital.

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RocaJunyent-Led Spanish Lender Sells €3B Loan Portfolio

By Dawood Fakhir

Debt management firm Axactor said Thursday it has acquired a portfolio of unsecured, nonperforming loans from Spanish bank Sabadell with a book value of approximately €3 billion ($3.5 billion) in one of the largest such transactions in recent years.

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London Energy Investor To Sell Assets In Wind-Down

By Dawood Fakhir

Energy investor SDCL said Thursday that it has decided to wind down after its shareholders rejected a proposal to restructure the business and raise equity, despite the board's faith in the plans.

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LAW FIRMS IN TODAY'S NEWS

4 New Square

4 Stone Buildings

6KBW College Hill

Cloisters

Dynamis LLP

Leigh Day

Matrix Chambers

Morgan Lewis

COMPANIES IN TODAY'S NEWS

Ardian

Banco Bilbao Vizcaya Argentaria SA

Banco Sabadell SA

CME Group Inc.

Deutsche Bank AG

FMR LLC

General Atlantic Service Co. L.P.

Hargreaves Lansdown

Insurance Europe Ltd.

London Stock Exchange Group PLC

Mega International Commercial Bank Co. Ltd.

The Goldman Sachs Group Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

European Commission

European Union

Federal Reserve System

Financial Conduct Authority

Financial Reporting Council

New York Department of Financial Services

The Crown Prosecution Service

U.S. Supreme Court

UK High Court

UK Upper Tribunal