Friday, 3 September 2021

Reuters Global Investor: Danske Bank uncovers incorrect tax payments, issues affecting up to 6,000 customers

Danske Bank uncovers incorrect tax payments, issues affecting up to 6,000 customers

Danske Bank said on Friday it had identified a new issue within its tax services, which could have led up to 6,000 customers to suffer losses from incorrect pay-outs and tax benefits of almost $8 million.

As U.S. unemployment benefits end, firms hope for a wave of applicants

Joe Perkins, head of Michigan-based auto supplier Mobex Global, marked Labor Day weekend this year as more than a holiday or a symbolic nod to U.S. workers.

France's Antin Infrastructure Partners plans to list on Euronext Paris

French investment firm Antin Infrastructure Partners is looking to launch an initial public offering (IPO) on Euronext Paris and has hired banks to work on the deal, the company said on Friday.

Life insurers shift to pre-pandemic norms after COVID vaccine roll-outs

The roll-out of COVID-19 vaccinations is making life insurers more enthusiastic about offering cover to those with underlying health conditions - some without even knowing whether customers have been vaccinated.

MOVES Credit Suisse appoints former Morgan Stanley banker in Mexico

Credit Suisse has hired former Morgan Stanley banker Alejandro Ortega Aguayo to lead its advisory team handling its wealthiest clients in Mexico, the Swiss bank said on Thursday.

BNP Paribas in wealth management JV talks with China's AgBank -sources

BNP Paribas' asset management arm is in talks to form a wealth management venture with a unit of Agricultural Bank of China (AgBank), sources said, as the French firm pursues a bigger slice of China's $19 trillion market.

Wells Fargo's long road to repair extends with prospect of more penalties

It has been nearly five years since Wells Fargo & Co began addressing widespread customer abuses that led to regulatory penalties, lawsuits, reputational damage, business overhauls and management changes, but the fourth-largest U.S. bank apparently still has a lot of work to do, analysts say.

Chinese wealth manager Hywin will reduce reliance on property - CFO

Hywin Holdings Ltd , which provides wealth management services in China, will aim to reduce its reliance on real estate by expanding new products and growing businesses offshore, chief financial officer Lawrence Lok said on Wednesday.

Star stock-picker Cathie Wood buys the Zoom dip, invests over $56 million

Star investor Cathie Wood's funds scooped up $56.5 million worth of shares in Zoom Video Communications Inc , taking advantage of a 17% drop in the company's stock price on Tuesday after warning on slowing demand.

Glass Lewis backs one of Starboard's three nominees in Box proxy fight

Proxy advisory firm Glass Lewis on Friday recommended that investors in cloud storage vendor Box elect one of Starboard Value's three proposed nominees to the board, arguing change is needed after a "puzzling" capital raise and "reactive governance" changes.

Related Videos

Record high for S&P, Nasdaq ahead of jobs data

Wall St. 'wants to have its cake and eat it too'

Tech powers Nasdaq to record high