LONDON A BlackRock-backed group aims to raise an initial $500 million for a private equity fund that will invest in climate change-linked infrastructure upgrades in emerging markets. | Video
LONDON, Jan 22 A BlackRock-backed group
aims to raise an initial $500 million for a private equity fund
that will invest in climate change-linked infrastructure
upgrades in emerging markets.
LONDON/BOSTON BlackRock Chief Executive Larry Fink warned company boards to step up efforts to tackle climate change, a significant shift by the world's top asset manager as it faces mounting concerns about its fossil fuel investments. | Video
LONDON Many banks in Britain are unlikely to hit an October deadline to stop writing loans tied to the discredited Libor benchmark as they grapple with upgrading to crucial new software that allows them to use replacement reference rates, industry sources said.
BOSTON/LONDON Pressure on BlackRock Inc's record on climate issues may be having an effect as the world's largest asset manager weighs firming up its interactions with portfolio companies.
Veteran British money manager Neil Woodford is now looking to expand his presence in China, a person familiar with the matter said on Wednesday, months after he was forced to suspend his flagship equity fund.
LONDON British accountants could be required to look for fraud at companies they audit under proposals made in a government-backed review of recent corporate scandals which went undetected.
LONDON Shares in Lloyds and Royal Bank of Scotland tumbled on Tuesday after failing to impress in the 2019 stress test of Britain's biggest banks, while new capital rules are expected to hit their multi-billion pound investor payout plans.