 | | | | Britain's accounting watchdog said on Tuesday it has fined KPMG 3.3 million pounds ($4.16 million) over the company's audit of aero engine maker Rolls-Royce more than a decade ago. | | | | | | Barclays has fired the starting gun on a 1 billion pound share buy-back programme aimed at reducing its share capital after refiling accounts with U.S. authorities on Monday. | | | | | | French lender Societe Generale will name its new chief executive by autumn, Chairman Lorenzo Bini Smighi said in an interview with Italian daily Il Sole 24 Ore published on Tuesday. | | | | | | Swedish payments company Klarna will lay off about 10% of its 7,000 employees, it said on Monday, as rampant inflation and the war in Ukraine have worsened business sentiment. | | | | | | The European Commission and EU governments are not doing enough to prevent the misuse of the bloc's money, auditors said on Monday, warning that fraudulent or corrupt businesspeople may receive funds because too few of them are blacklisted. | | | | | | Barclays has promoted Gonzalo Ardura to lead its investment banking business in Spain, replacing Nacho Moreno who left the British bank last week to join Credit Suisse . | | | | | | Italy expects to cap Monte dei Paschi's cash needs at around 2.5 billion euros ($2.6 billion) as it negotiates with European Union authorities a new strategic plan for the state-owned bank that will be unveiled next month, four sources said. | | | | | | Bank of America Corp said it was raising its U.S. minimum hourly wage to $22 on Monday, a step closer to its promise of paying workers $25 an hour by 2025. | | | | | | Credit Suisse Chairman Axel Lehmann reiterated on Monday his support for Chief Executive Thomas Gottstein amid investor unrest over whether he is the right man for the job at Switzerland's second-biggest bank. | | | | | | HSBC Holdings has suspended its head of responsible investing pending an internal investigation after he said central bank policymakers and other global authorities are exaggerating the financial risks of climate change, the Financial Times reported on Sunday citing people with knowledge of the process. | | | | | |
