Battle of Words Continues Between Argo Group and Activist Shareholder April 26, 2019 By Mark Hollmer An activist Argo Group shareholder accuses the company of using a corporate jet for 1,500 flights in recent months and...
Chubb Expands Insurance Coverage in Canada for Private Equity Firms April 10, 2019 Chubb is providing expanded insurance coverage, called “Private Equity+”, to address “the unique risks of Canadian private equity firms.” These...
Explaining Europe’s Growing Money Laundering Scandal April 8, 2019 By Francesco Guarascio The largest ever money laundering scandal in Europe is rippling through the region’s banks. It began in the Baltics and...
Fallout Grows from Swedbank’s Money Laundering Scandal as Chairman Quits April 5, 2019 By Niklas Magnusson A week after Swedbank AB fired its chief executive officer, the lender is parting ways with its chairman as a...
Money Launderers Could Begin Targeting Smaller Banks, Warns Denmark April 2, 2019 By Frances Schwartzkopff Denmark’s financial watchdog is warning that smaller banks need to be on high alert for signs of money laundering as...
Swedbank Fires CEO on Growing Investor Criticism of Handling of Laundering Scandal March 29, 2019 By Esha Vaish and Johan Ahlander Swedbank dismissed Birgitte Bonnesen as chief executive on Thursday only an hour before its annual meeting after disgruntled shareholders rounded...
Shareholder Accuses Argo Group of Illegally Appointing Two Board Members March 29, 2019 By Mark Hollmer An Argo Group shareholder accusing the company and CEO Mark Watson III of extravagant spending practices now claims that the...
Another Money Laundering Risk Seen Coming from Firms Providing Payment Services March 20, 2019 By Frances Schwartzkopff As one avenue for money launderers is shut, another one may be opening. In Denmark, home to Danske Bank A/S,...
Ex-CEO, 7 Other Execs Blamed for $7.4B Accounting Fraud at S. Africa Retailer Steinhoff March 19, 2019 Former Steinhoff Chief Executive Markus Jooste and seven others were involved in a 6.5 billion euro ($7.4 billion) accounting fraud...
BHSI Launches Professional Liability Cover for Asset Managers and Funds in UK, Ireland March 18, 2019 Berkshire Hathaway Specialty Insurance (BHSI) has launched Professional First Asset Management Liability Insurance, which provides broad professional liability, directors &...