Finance Chiefs Prioritize Employee Retention as Coronavirus Pandemic Drags On
Keeping staff has become a key focus for companies as they navigate the current economic downturn. Finance chiefs at these businesses are safeguarding employee retention programs from broader cost-cutting efforts for fears top-ranking employees might leave.
Ernst & Young Says Auditors Should Play Bigger Role in Detecting Fraud
Under fire for missing a suspected fraud that blew up Wirecard, Ernst & Young says auditors should play a bigger role in detecting such wrongdoing, challenging a longstanding assertion in the accounting industry.
Chinese Companies in Pentagon Spotlight Hire Global Banks to Sell Dollar Bonds
ChemChina and Three Gorges, designated by the U.S. Defense Department as "Communist Chinese military companies," are pursuing bond deals with the help of Western banks.
Calpers Weighs Curbs on Investment Chief's Personal Holdings
Directors of the nation's largest pension fund will discuss limiting personal investments by the fund's investment chief following revelations that the former chief held shares in one of its private-equity managers.
Coronavirus Legal Fight Between Insurers and Businesses Goes Global
A U.K. court considered whether business-interruption policies are clearly worded, Australian insurers want to know whether a 100-year-old law that no longer exists excludes the pandemic, and a French court found in favor of a restaurant owner who sued for cover over government-ordered lockdowns.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
Silver Lake-Led Group Invests $650 Million in Klarna
The investment from a group led by private-equity firm Silver Lake represents a bet on a financial-technology company that has benefited from the ramped-up shift to e-commerce, and brings Klarna's valuation above $10 billion.
Uruguayan Payments Company dLocal Valued at $1.2 Billion in General Atlantic-Led Deal
Montevideo, Uruguay-based dLocal, which helps international companies process payments in emerging markets, raised $200 million in a growth-equity financing round led by General Atlantic, with Lee Fixel's firm Addition participating.
Regulators to Reprimand Citigroup for Failing to Improve Risk Systems
The expected rebuke from the Office of the Comptroller of the Currency and the Federal Reserve accelerated planning for Chief Executive Michael Corbat's retirement.
U.K. Names Chief for New Accounting Board
The U.K. government named a chairman for a new international accounting standards board, which is expected to be operational once the country's transition period with the European Union is over.