London-based Standard Chartered is expected to pay slightly more than $1 billion (£765 million) to resolve a nearly five-year-old investigation of potential U.S. sanctions violations tied to its banking for Iran-controlled entities in Dubai, as well as a related U.K. probe, according to a person familiar with the matter.
Italian-American automaker Fiat Chrysler Automobiles NV has agreed to pay $110 million (£84 million) to settle a lawsuit alleging it misled U.S. investors over excess diesel emissions and failed to comply with federal safety regulations, court records show.
Just a month after the European Central Bank halted plans to normalise policy and delayed a rate increase into 2020, further signs of weakness in the economy and a whiff of panic among investors is putting the central bank back in the spotlight.
An activist group said it has withdrawn a shareholder resolution calling on Royal Dutch Shell to change its climate policy after the oil and gas company reached a broad agreement with investors on the issue.
Sterling will rally 3 percent if the Brexit gridlock is resolved and Britain looks likely to leave the European Union with a deal but the currency will tumble 5 percent if negotiations fail, a Reuters poll found.
By Matt Stein, CompleteSpectrum From aligning brand messaging during a merger or acquisition to embracing new market opportunities, a PE fund might have a number of reasons to rebrand a portfolio company. Regardless of the motivation, you must consider how others have fared when executing a rebrand and think about what will work best for Read more about The do’s and don’ts of executing a rebrand[…]
A weekly roundup of jobs in the private equity industry – from buyout shops to venture capital funds to investment banks. Cambridge Associates is looking to hire an investment director of endowments and foundations. Duties include creating and developing diversified portfolios to enable increased returns and lower volatility; conducting analyses, preparing materials and directing clients Read more about Private Equity Jobs of the Week: Cambridge Associates, Oregon State Treasury and Neuberger Berman are hiring[…]
LPs can pull commitments to Rise Fund, Vista gears up for next Endeavor fund Happy Friday! What a stretch of scandals for private equity. We’ve had massage parlors, college admissions cheating … what’s the next scandal that will include private equity? Everything comes in threes, right? It’s all part of life here in what I Read more about PE HUB Wire Highlights, 3.15.19[…]
Twenty percent of Britain’s largest companies have been put on notice by the fund management industry’s trade body for failing to have more women represented on their boards.